Banking for Kids

Teen Checking | High Five Savings | Cash for Good Grades | Kids Corner | Money Matters

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!

All rates listed below are variable. Annual Percentage Yield (APY) accurate as of 8/1/2018.


Cash for Good Grades

The cash for good grades incentive is a maximum of $20.00 per school year, with a maximum of $5 per quarter. 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 incentive will be deposited into the student’s account.

Teen Checking
Non-interest bearing account available to teens ages 15-18.

Click to apply online.


  • Minimum to open: $10.00
  • FREE basic style checks up to conversion of account at age 19
  • FREE unlimited checking
  • FREE ATM transactions at SUM® & MoneyPass® ATMs
  • FREE ATM/Debit card
  • FREE Online Banking & Bill Pay
  • FREE Mobile Banking with Deposit on the Go
  • FREE 24 hour telephone banking at 800-433-3781
  • eStatements for monthly account statement
  • Cash for good grades

This account is available to teens aged 15 – 18 whose parent or legal guardian co-owns the account with them. Overdraft privilege is not available for the Teen Checking account. Account converts to Free Checking Plus account when owner reaches age 19.

High Five Savings
This savings account offers a PREMIUM RATE* and is available to children and young adults under 19 years of age.

Click to apply online.

Minimum Balance to Earn
Annual Percentage Yield (APY)
Annual Percentage Yield
Interest Rate
$500.01 – $1,000 2.58% – 5.00% .15%
$25 – $500 5.00% 4.810%


*This account is available to children and young adults under 19 years of age whose parent or legal guardian co-owns the account with them. Balances of up to $500 will earn the current premium rate; balances over $500 earn the statement savings account rate. Rate is variable. Account converts to statement savings when owner reaches age 19. The account can be opened at any time during the year. Limit of 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. A minimum balance of $25.00 is required in any deposit account to earn the Annual Percentage Yield.

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.