Horizon Bank Youth Reward Saver
Bonus rate
High interest savings account for youths aged 13-17 years. Earn an interest reward when a total of $10 or more is deposited and no withdrawals are made in each calendar month
- Base rate up to
- 2.25%
- Introductory rate
- None
- Maximum balance
- None published
Rate with bonus, up to
Rates by balance
| Balance | Base rate | Bonus | Total |
|---|---|---|---|
| Any balance | 2.25% | +3.00% | 5.25% |
Who can open it
- Age to open
- 13 to 17
- Maximum balance
- None published
How it compares
Against the other savings accounts we compare. Typical means the middle half of them.
Most it pays
5.25%
At its best balance, with any bonus. Typical is 3.65%.
Base rate
2.25%
What it pays without a bonus. Typical is 2.40%.
Pros and cons
Pros
- A higher rate. Up to 5.25%, above the typical 3.65%. On $10,000 that's about $525 a year.
- No conditions. You earn the same rate every month, with no deposits to make or withdrawals to avoid.
Cons
- An age limit. Only for people up to 17.
Similar savings accounts
Savings accounts from other banks that pay a similar rate at their best.
- Most it pays
- 5.25%
- Bonus conditions
- None
- Most it pays
- 5.25%
- Bonus conditions
- None
- Most it pays
- 5.25%
- Bonus conditions
- None
