With “My Ca$h Sta$h,” you can open a savings account with as little as $5. “My Ca$h Sta$h” is a statement account, which means every month you receive a statement letting you know exactly how much money you have saved in your account and how much interest your savings have earned.

You may also get your own deposit-only ATM card, so you can make your deposits even when the bank is closed. You can deposit allowance, chore, or birthday money directly to your savings account (you can even set up automatic transfers from their account to your account with Franklin eBranch). This is a perfect opportunity to discuss financial literacy with the entire family!

When you open your account, you will get a special present. Once you’ve saved $100, you can move your savings into a special “My Ca$h Sta$h” Certificate of Deposit. It’s a 12-month Certificate of Deposit (if you take the money out before the term is up, you will have to pay a substantial penalty). When you open a CD, we’ll give you another cool gift!

Check out our Interest Rates page to find out what the current interest rates are for “My Ca$h Sta$h.” An adult to co-sign on your account is required.

* Special gifts provided upon new Youth Account openings do not exceed a cost of $10. These youth friendly items often consist of lanyards, financial literacy focused books, or other small items.