It's never too early to teach good financial habits

An Alliant Kids Savings Account is a perfect way for younger children to learn how saving will help them meet their goals.

Kids Savings Accounts
The Run Down
  • 15x higher rate71 than what most banks pay
  • Perfect savings account for kids 12 and younger
  • All Kids Savings Accounts are joint accounts co-owned by a parent, grandparent or guardian
  • Review balances and transfer money in online banking and mobile banking
  • We'll pay your $5 initial deposit22 to get your child started!
  • Deposit birthday checks with our mobile banking app
  • No monthly fees22 for members electing eStatements
  • NCUA insured to at least $250,000
1.05 %
1.045 %
Have a teenager too?

An Alliant Teen Checking account is the perfect checking account for teens 13-17. It's specially designed to help young adults learn how to responsibly manage money.

Learn More

The perks of an Alliant Kids Savings Account

The Alliant Kids Savings Account is open to children ages 12 years and younger.

Power of compound interest

Teach your child about the power of compound interest. Once your child has $100 or more in a Kids Savings Account, it pays interest — to the tune of 1.05% APY.

Make saving a habit

Easily set up supplemental accounts for your child’s goals – whether they’re saving for a bike or looking ahead to save for college. Plus, our free Alliant Convenience Card makes it easy to deposit via ATM!


Kids Savings accountholders can apply for Alliant’s annual National Education Program, which gives away computer gift cards every summer.

Tips for parents:

  1. Transfer your child's allowance directly into their account from our mobile app or via online banking.
  2. Use our mobile banking app to deposit birthday and holiday checks
  3. Alliant Online Banking and the Alliant Mobile App have a built-in personal financial management tool to help your child set savings goals and set up a budget. 

Kids can track their savings

  1. Read your child one of the great money-themed books for children in the Money As you Grow Book Club.
  2. Use this calculator to help your child determine how to meet their savings goals.
  3. Play interactive finance-themed games with your child.
  4. Check out The Money Guide from Visa, which introduces money management concepts for ages 8-12.

Awards & Recognition

Kiplinger's logo

"Best Deals in Banking of 2015" - Kiplinger

Kidz Klub - Magnify Money Award

"Best Savings Account for Children" - MagnifyMoney

Step 1: Download and fill out application for an Alliant Kids Savings Account

Step 2: Submit application

To submit your PDF application via secure email, fill out the form below and we will email you with instructions within one business day. Our priority is to protect your personal information so we’ve created a secure email channel to help ensure the safety of your application information.


We’ll give you a call if we need additional information from you. If you have mailed in your application and haven’t heard from Alliant about the status of your account within 14 business days after applying, or have faxed in your application or dropped it off a branch & haven’t heard from us within 7 business days, give us a call at 800-328-1935 and request an update.

Need an alternative way to submit your application?

Mail to:

Alliant Credit Union 
Attn: Account Services
PO Box 66945
Chicago, IL 60666-0945

Fax to:

(773) 462-2124

Visit a branch

Find a branch near you

Kids Savings Account Rates63

1.05 %
1.045 %

Let Me Know When Alliant Rates Gets Even Better

Kids Savings Fees41

Paper Account Statement Fee (each) $1

Kids Savings FAQs

As a joint owner on a Kids Savings account, will I be able to view it in Online Banking?

Yes, to view your child's savings account within online banking, the primary account owner must first give access.

For Kids Savings accounts, once the child is logged into Alliant Online Banking,

  • Select “Settings”
  • Select “Joint Owner Management”
  • Select “Manage Online Access”
  • After being prompted to choose which account they’d like to give access to, select your account
  • Click the “Update” button.

After the above process is completed, when you log in to your own Alliant Online Banking or the Alliant Mobile Banking App, you will be able to view your child's savings account.

Why do I need to save?

Spending money is fun, but saving money can be fun, too. And, saving money is one of the smartest things you can do. Whether you’re saving for a cool new game or toy, a new bike or your future education, every little bit of money you save adds up. Plus, it’s fun to watch your money grow.

Why can’t I just keep my money in a piggy bank?

Piggy banks are a good start, but if you want to save smarter, it’s best to start putting your money in a savings account.

What’s interest?

Interest is money that Alliant pays you for keeping your money in an account with us and being a member. The interest you earn helps you save money even faster.

Do I have to maintain a minimum balance to earn interest?

To earn interest, you must maintain a daily average minimum balance of $100. Alliant interest is paid monthly.

Is Alliant a bank?

Alliant is better than a bank. We are a credit union that's owned by our members. That means that your new Kids Savings Account makes you a member AND part owner. Your membership represents your share in Alliant Credit Union.

What happens when my child turns 13 years old?

When your child reaches the age of 13, they will be eligible to apply for the Teen Checking account. Their Alliant Kids Savings Account will remain as a savings account, and any funds in the account will remain in the account unless or until they withdraw or transfer them. The only change is that they will also have the option of applying for an Alliant Teen Checking Account. If they do open a checking account, they will then have a debit card that enables them to access both their savings and checking accounts, so that they can easily transfer funds between the accounts.

My child is older than 12. What kind of savings account should I open for him?

You may open a regular High-Rate Savings account for your older child. Click here to learn more. 

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