Student Savings

Setting students ages 13-18 up for financial success with a savings account that grows with them – and the tools to track, manage, and learn. 

Set up your own bank account and grow with us.

  • No minimum balance required, no monthly service charge
  • Earns interest1
  • Free initial ATM card2
  • Can be added to a Checking Account Debit Card
  • Other bank ATM fees rebated monthly
  • Can be linked to a Student Checking Account
  • Free Mobile Banking App
  • Free Online Banking
  • Electronic Statements required3
  • Upon your 19th birthday, your account will automatically graduate to a Statement Savings Account!4

1Current interest rates can be found online at windsorfederal.com

2ATM only card is issued when the account is opened for student only (no parent/guardian)

3Electronic Statements are available in the mobile app and online banking

4Refer to the Personal Account brochure for account information

Rates

Student Savings Account

As of 6/16/2024

Student Savings Account Rates
Minimum to OpenMinimum to Earn APYInterest RateAnnual Percentage Yield (APY)
Minimum to Open$10Minimum to Earn APY$0 to $999Interest Rate5.00%Annual Percentage Yield (APY)5.12%
Minimum to Open$10Minimum to Earn APY$1,000 and greaterInterest Rate0.25%Annual Percentage Yield (APY)0.25%

Interest bearing savings accounts earn interest from day of deposit to day of withdrawal. Interest is accrued daily, compounded monthly and credited to the account monthly. We use the daily computation method to calculate the interest on all interest-bearing savings accounts. This method applies a daily periodic rate to the principal in the account each day. The Annual Percentage Yield assumes that all interest will remain on deposit for one (1) year at the stated interest rate. The interest rate on new and existing “Variable” rate accounts, as indicated above, may be subject to change at any time. Any fees assessed may reduce the earnings on the account.

Visit your local bank branch.

If you’re looking for a safe place to develop smart spending habits, look no further. Ready to get started? Visit your local bank branch and we’ll get you on your way!

Banzai Teen

Through this interactive course, teens ages 13-18 work through real-life financial scenarios. Can you save enough money for college registration while navigating daily decisions like getting a job, going out to eat, and renting an apartment?

For Your Convenience

Add your debit card to your mobile wallet. Learn to budget. All right here online.