Embark Teen Account
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Prepare them for tomorrow, starting today.
Help your teen take the first step toward financial independence! Give them a practical way to learn budgeting, saving, and responsible spending while building lifelong money skills.
Features & Benefits
- For ages 13-17
- Earn 5.10% APY* on your first $5001
- Earn cash for good grades and graduation2
- Get your direct deposit faster with Early Pay
- No hidden fees
- Free financial education resources
- Free, 24/7 access to our range of eServices
current rates
Account
Dividend Rate
APY*
Minimum Balance to Open
Minimum Balance to Earn APY*
Embark Teen Checking
Dividend Rate
0.10%
APY*
0.10%
Minimum Deposit to Open
$5.00
Minimum Balance to Earn APY*
$1000.00
Youth Savings
Dividend Rate
4.99%
APY*
5.10%
Minimum Deposit to Open
$5.00
Minimum Balance to Earn APY*
$5.00
Dividend Rate
0.05%
APY*
0.05%
Minimum Deposit to Open
$5.00
Minimum Balance to Earn APY*
$500.01
FAQs
Who is eligible for a Teen Checking Account?
Can my teen earn money on their account balance?
What financial education resources are available?
Can my teen access their account online?
What other perks come with the Embark Teen checking account?
Get in touch
Questions?
We’d love to help.
We look forward to hearing from you. Please reach out with any comments or questions!
Important: please do not send account numbers or sensitive information through email, as it is not entirely secure.
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Disclosures
*APY = Annual Percentage Yield.
1Special interest rate of 5.10% APY up to the first $500 in the savings account. Balances above $500 will be paid at the current rate.
2Grade payouts = $1 for every A on your report card, up to $5 per grading period. Graduation payouts = $100 for graduating from high school and $500 for graduating from a 4 year college or university. Other restrictions may apply. Accounts may change without notice.