We will notify you ahead of time so we can transition you into an account that fits you best. Check out Dollar Bank's other savings account options.
Start Smart Savings
A savings account for teens and young adults that earns up to 3.75% APY.*
Earn up to a 3.75% APY - that's more than 9X the national savings rate.*
- No minimum balance requirement
- No monthly service fee
- Young savers can get a kickstart on their savings habits with one of the best rates available
- Get digital banking tools that make it easy to manage money, grow savings and stay on track financially
How do I get started?
Start Smart Savings - for ages 13 to 17
Start Smart Savings - for ages 18 to 24
Don't forget about a checking account!
Open a checking account with your savings account to make managing, spending and saving your money effortless!
FAQs
Is this account FDIC insured?
Yes, the standard deposit insurance amount is $250,000 per depositor, per FDIC-insured bank, per ownership category.
Are there any fees for this account?
Our Start Smart Savings Account Information Schedule is available online.
Is there a limit for making transactions?
No. If you are interested in an account to make purchases with a debit card, take a look at our Start Smart Checking or Independence Checking.Accounts.
How do I receive interest?
Interest is posted monthly to your account based on your account balance. Interest rates are variable and subject to change.
Can I get a debit card with this account?
You can get an ATM/banking card for this account to withdraw or deposit money at an ATM. If you are interested in using a card for day-to-day purchases, take a look at our Start Smart Checking or Independence Checking Accounts.
How do I add money?
There are several ways to add money to your Start Smart Savings account. You can visit any Dollar Bank ATM to deposit funds, use our mobile app to deposit checks or you can visit a Dollar Bank office and work with a teller.
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Need help developing a savings plan? Our savings calculators can get you started.
We're here to help 1-800-242-2265
Dollar Bank representatives are available Monday - Friday from 8:00 AM - 8:00 PM and Saturday from 9:00 AM - 3:00 PM.
Email us: customerservice@dollarbank.com
*3.75% Annual Percentage Yield on Start Smart Savings balances up to $10,000. Balances $10,000.01 and above will earn 0.75% APY. All rates are accurate as of 3/12/26 and are subject to change without notice. Fees may reduce earnings. Ask for an Account Information Schedule for deposit account details. $25 minimum to open. In order to qualify for Start Smart Savings, one authorized signer on the account must be between the ages of 13 and 24. If an authorized signer is under the age of 18, a parent/guardian over the age of 18 must be a co-owner on the account. Once all authorized signers reach the age of 25, the savings account will be converted to a qualified savings account based on whether it is linked to a checking account and the activity of the checking account. Limit one Start Smart Savings account per customer. For Dollar Bank's market areas only. National average comparison was based on rates as reported at FDIC.gov on 12/15/25.