Teach a little one the power of saving.
Earn 5.00% APY* on the first $1,000
Good financial habits are important to form, and it’s never too early to start planning for the future. With our Great Start Savings Account, children can actively learn about the power of saving. Teach a little one in your life good financial habits.
Please note: If you are opening the Great Start Savings Account online, begin by filling in the parent’s information first, then the child’s information. If you don’t have all of the information for the child (i.e. passport, other ID), then type in zeros in those fields. If you have questions, please contact us during business hours at 800.461.0672.
*Balances between $.01 and $1,000.00 will earn 5.00% Annual Percentage Yield (APY), balances $1000.01 or more will earn the standard Statement Savings Account APY that is .05% as of August 20, 2019. The APY for this tier will range from .05% to 5.00%. Minimum of $25 to open. The child named on the account must be under 18 years of age. At age 18, the account will change to a Statement Savings Account and earn the APY Newtown Savings Bank is offering at that time. The custodian, the minor child or at least one joint owner must live in Connecticut. Limit one account per child. Fees may reduce earnings. This is a variable rate account so rates may change after the account is opened. Offer may be withdrawn at any time.