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Personal Savings

It's never too early to teach your kids how to manage their money and start saving for the future.

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What is a YouthSaver Account From Midland?

At Midland States Bank, our YouthSaver account is designed specifically for individuals under the age of 18. These savings accounts, which must be co-owned with either a parent or guardian, allow children to start building their funds from an early age.

As a co-owner, you'll have access to the account and the ability to make unlimited deposits. Once your child turns 18, the account will transfer to their name.

YouthSaver Account Information


$0 per month

Age Requirement Under 18 (with co-owner over the age of 18 years of age jointly owned by minor and parent/guardian)

Minimum opening balance $5

Minimum daily balance to earn interest $0.01

Minimum monthly balance requirement $0

Minimum service charge $0


Why Open a Savings Account for Your Child?

When you decide to open a savings account for your child, we'll treat you exactly how we'd like to be treated. That includes:

  • Helping you access banking and financing solutions that fit your needs.
  • Communicating in a transparent, straightforward way.
  • Making the application process quick and easy.
  • Offering digital services so you can bank on your terms.

Book an Appointment to Get Started

The proof’s in the numbers.

Deposit as little as $20 each month and watch your savings grow—even after a short time.


Starting balance: $0

Year 1: $240

Year 2: $480

Year 3: $720

Year 4: $960

Year 5: $1,200

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How Your Child Will Benefit From a YouthSaver Account

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Learn Smart Money Habits

By co-owning a savings account, your child will be able to start learning smart money habits. You can teach them how to manage their funds, deposit checks and save up for the things they want. A youth savings account offers a great way to learn and apply math skills, too.

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Grow Funds for the Future

A savings account will also help set your child up for financial success. By saving early and taking advantage of compound interest, you'll be able to help build funds for your child's future.


mom and son smiling while eating ice creamFeature & Benefits

  • Just $5 to open - Visit any Midland States Bank to open a YouthSavers account with as little as $5, and start your child on the pathway to financial success.
  • No fees - No need to keep a whole lot of money in the account—the YouthSaver account is free from monthly maintenance fees.
  • Automatic savings - Share in your child’s savings goals by setting up automatic transfers from your Midland checking account.
  • Convenient access - Enjoy building your child's savings with unlimited deposits. Money is there when you need it!

Frequently Asked Questions About YouthSaver Accounts

Parents and guardians can open a YouthSaver Account for any child under the age of 18 by providing some basic details:

  • Personal and contact information
  • Social security number or employer identification number
  • U.S. address

Yes, all funds in the savings account are FDIC insured up to the maximum coverage allowed.

When the child turns 18, the YouthSaver account will automatically change into a FlexSaver account in their name.

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About Midland States Bank

Opening bank account for your child means you'll be able to experience world-class service from start to finish. We've grown a lot since opening our first branch in Effingham, Illinois. We now have several branches and diverse financial services available.

No matter what your needs are, we'll meet them and provide you with tailored banking anytime, anywhere.


With a Midland YouthSaver, You Can Always Expect...

  • FDIC insured up to the maximum coverage allowed.
  • Free online and mobile banking
  • Secure online statements.

orange logo with cursor on it and white cubes floating around itOpen a YouthSaver Account Today

If you're ready to help your child prepare for the future, we can help you get started. Schedule an appointment to open a YouthSaver Account.

Book an Appointment to Get Started

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Some restrictions may apply. A $40 fee will be charged when account is closed within 180 days after opening. Foreign ATM fees by ATM owners other than Midland States Bank will be charged as the fee occurs. Bank rules and regulations apply. A minimum daily balance of $0.01 is required to obtain the disclosed Annual Percentage Yield (APY) Accrual of interest on noncash deposits will begin no later than the business day Midland States Bank receives credit for the deposit of noncash items (for example, checks). Account limited to individuals under the age of 18 years of age. Upon account owner reaching 18 years of age, account automatically changes into FlexSaver account. Fees could reduce earnings. Standard data and text message rates apply. 1Account is to be jointly owned by a minor and a parent/guardian.