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Home News A Milestone That Matters: Your Child’s First Savings Account
November 6, 2025
Building financial habits early is one of the best gifts you can give your child. Whether you’re saving for their education, a first car, or simply teaching the value of money, a child savings account can help them start smart.
At First Hope Bank, we’re proud to offer two products designed just for young savers:
Together, they help your family build lifelong money management skills in a safe, supportive environment.
When children learn about money early, they develop habits that last a lifetime. A dedicated savings account gives them real-world experience with setting goals and seeing their balance grow.
Here’s why early saving matters:
The KIDS Account Savings is designed for children ages 17 and under. It’s a fun and educational way to teach kids how money grows — safely, securely, and with parental guidance.
With every deposit, your child learns that saving a little at a time can make a big difference.
Opening your child’s first account is simple, and First Hope Bank makes it easy from start to finish.
You’ll need a parent or guardian ID, your child’s Social Security number or birth certificate, and proof of address.
Stop by a nearby branch. Our team will help you choose the right account type for your child’s goals.
A small deposit of $10 or more gets the account started and gives your child a sense of ownership and pride.
Log in together through online banking to view balances and interest earned. Turn it into a fun monthly “money check-in.”
As your child grows, so should their financial independence. The Student Checking Account from First Hope Bank helps teens and young adults take the next step.
Many families open both a KIDS Account Savings and Student Checking together, creating a full learning pathway — from saving to responsible spending.
Financial education doesn’t stop at the account. Here are a few family-friendly ways to keep your child engaged and learning:
Talk about family budgeting, grocery shopping, or planning for a vacation. Kids love seeing how saving makes goals real.
For every dollar your child saves, match it up to a limit. It’s a fun way to reinforce good behavior and simulate employer matching.
Create short-term goals like “save $50 by the end of summer” and celebrate when they reach it.
Bring your child to your local branch. Meeting bankers and making deposits in person makes banking tangible and builds confidence.
At First Hope Bank, we’re more than a financial institution — we’re a community partner. Our mission is to help families build healthy financial habits that last a lifetime.
With our KIDS Account Savings and Student Checking options, your family can:
And when the time comes for college, cars, or their first credit card, First Hope Bank will still be there with trusted advice and personal service.
Open your child’s first savings account today at any of our convenient branches or online.
Help your child take their first steps toward financial freedom, confidence, and independence — with a bank that’s been supporting families for generations.
You can open a KIDS Account Savings at First Hope Bank for children of any age — even newborns. Starting early helps your child build good savings habits and understand the value of money over time.
You can open a KIDS Account Savings with as little as $1. There are no monthly maintenance fees, and the account earns interest to help your child’s money grow safely.
Yes. All KIDS Account Savings accounts are opened jointly with a parent or guardian. Parents have full access through online and mobile banking to track deposits and balances.
As your child grows, they can transition to the First Hope Bank Student Checking Account, which offers no monthly fees, a free debit card, and helpful financial tools to encourage responsible spending.
Yes. Many families open both the KIDS Account Savings and the Student Checking account together — creating a smooth pathway from saving to spending while building lifelong money skills.
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