Banking for Kids

NBK20406_650x224_Pathfinder School Banking

It is never too early to start teaching children the basics of banking and to give them the confidence that comes along with earning, saving and spending wisely. That is why we have created these specially tailored products just for them!

Teen Checking
Non-Interest Bearing

Available to teens aged 15 – 18, this account offers all of the features and benefits of our Free Checking Plus account PLUS some extras just for teens.

  • Minimum to open: $1.00
  • FREE basic style checks
  • FREE unlimited checking
  • FREE online personal finance course
  • FREE ATM transactions at SUM™
    & MoneyPass® participating ATMs
  • FREE ATM card
  • FREE online banking
  • FREE online bill payment
  • FREE 24 hour telephone banking at 800-433-3781
  • Cash for good grades*

Overdraft privilege is not available for the Teen Checking account. Account converts to Free Checking Plus account when owner reaches age 19.

*To receive cash for good grades, report cards showing a GPA of at least 3.0 or equivalent must be submitted to a North Brookfield Savings Bank branch location. The cash for good grades incentive is a maximum of $20.00 per school year, (a maximum of $5 per quarter). The incentive will be deposited into the student’s account. This account is available to teens aged 15 – 18 who meet these requirements, successfully complete a personal finance course and whose parent or legal guardian co-owns the account with them.

To open a Teen Checking Account:

1) Complete the online checking account responsibility course: Click Here for Course

2) Complete the online account application: Apply Online

That’s it! We will contact you to make arrangements to complete the account opening process through the mail, in person at the branch of your choosing, or at our next school banking day!

High Five Savings
Effective Date: 04/17/2014

Available to children and young adults under 19 years of age. Balances of up to $500 will earn the current premium rate*; balances over $500 earn the statement savings account rate. Rate is variable.

Minimum Balance to Earn
Annual Percentage Yield (APY)
Annual Percentage Yield
(APY)*
Interest Rate
$500.01 – $1,000 2.58% – 5.00% .15%
$1 – $500 5.00% 4.810%
  • Minimum to open: $1.00
  • NO minimum weekly deposit required
  • NO monthly service charges
  • FREE 24 hour telephone banking at 800-433-3781
  • FREE online banking
  • Direct Deposit

The account can be in your name individually (but a parent or legal guardian as co-owner is strongly encouraged).  The account can be opened at any time during the year. Account converts to statement savings account when owner reaches age 19. Limit one account per minor tax owner. Transaction limitations apply. Rate subject to change after account is opened. Fees may reduce the earnings on these accounts.

To open a High Five Savings account:

1) Complete the online account application: Apply Online

That’s it! We will contact you to make arrangements to complete the account opening process through the mail, in person at the branch of your choosing, or at our next school banking day!

*Tier 1 – An interest rate equal to that paid on a regular statement savings account will be paid only for that portion of your daily balance that is $500.01 or more. The annual percentage yield (APY) range for this tier is shown above, and depends on the balance in the account, assuming a maximum of $1,000. Tier 2 – The above interest rate will be paid on the entire portion of your daily balance that is less than $500.01.

Here are some resources just for kids!

Kids Corner | Money Matters for Students