Student & College Savings

We created these free savings accounts - with no minimum balance requirements - to help students establish good savings habits early. Student Savings is available to children and students ages 17 and under; College Savings is designed for students 18 to 22.

Summary

• No monthly service charge
• Only $10 minimum deposit to open
• Interest compounded quarterly, paid quarterly
• Free online banking
• Free eStatements
• Can be used as overdraft protection on a Seattle Bank checking account
• Unlimited in-person withdrawals; limited to six pre-authorized or electronic transfers per month (includes online banking and telephone transfers); additional withdrawals are $3 each
• Accepts direct deposit or auto transfer deposits
• FDIC insured