It's never too early for kids to learn about money

An Alliant Kids Savings Account is a perfect tool to teach your kids about money and setting savings goals

The Run Down
  • Great interest rate:  16.3x higher71 than most banks
  • Perfect savings account for kids 12 and younger
  • Joint accounts co-owned by a parent, grandparent or guardian
  • Review balances and transfer money in online banking and mobile banking
  • We'll pay the $5 initial deposit22 to get your child started!
  • No monthly fees22 for members electing eStatements
1.30 %
1.292 %
Have a teenager too?

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

Learn More

Best Savings Accounts for Kids

"Best Savings Accounts for Kids" - NerdWallet

Bankrate logo - Best Credit Union of 2017

"Best Credit Union of 2017" - Bankrate

Alliant's online children's savings account voted best savings account for kids

"Best Savings Account for Children" - MagnifyMoney

The perks of an Alliant Kids Savings Account

Alliant's online kids savings account is open to children ages 12 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 dividends — to the tune of 1.30% APY.

Start good savings habits

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!60

Easy mobile and online banking

Transfer your child's allowance directly into their account, track progress toward savings goals and help them deposit birthday/holiday checks with their phone or tablet using our mobile banking app.  

Chances to win!

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

Kids savings accounts help you teach money basics

Check out this video for three great tips on helping your child develop smart money skills.

Watching the balance on their savings account grow can motivate them to be smarter consumers and better savers as they grow up.

Tips for raising money-smart kids

  1. When shopping for toys, talk about price differences between brands and sizes of toys. Can they get several small Lego® kits for the price of one large kit from a blockbuster movie? Suggest they get a smaller toy and save the difference.

  2. Check out The Money Guide from Visa, which introduces money management concepts for ages 8-12. 

  3. Play board games like Monopoly or Life with your kids as a springboard to discuss expenses and budgeting.

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

Step 2: Submit application

Kids Savings Account applications are transacted via secure email. Just fill out the form below and we will email you with instructions within one business day. 


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

1.30 %
1.292 %

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.

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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