Student Savings

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Helping young people gain financial independence

Student savings is the perfect account for helping children develop good savings habits, with a low opening deposit and no monthly maintenance charge. Interest on Student Savings accounts grows as their balance increases, making it a great option for building college savings.

Earn higher returns

Earns a variable tiered interest rate based on your balance.

Account access by phone

Unlimited 24-hour access via phone for balances.

FDIC insured

Get FDIC protection on your account for up to $250,000 per depositor for each ownership category.

Daily compounding

The interest will compound daily and credit monthly.

Get to know Student Savings

  • The minimum opening deposit is $10.
  • No monthly maintenance charge.1
  • Automatic transfer service between deposit accounts or automatic loan payments.
  • Account inquiry only on online and mobile banking.3
  • Unlimited teller service.
  • Account statement generated at the end of each month when account activity includes an electronic funds transfer (ACH).
Cathay Bank

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Please do not include sensitive information such as account numbers or other personal information such as Social Security or Tax Identification numbers, driver’s license numbers, etc. in any email sent to us via this link.

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