Start Teaching Good Habits Early

The Montgomery Bank Kid’s Club Account is a special savings account for children 12 and under, with the goal of teaching good financial habits by making saving fun.

In addition to being a great way for your kids to learn about banking in general, Kid’s Club Accounts are an excellent way to save for your child’s future. They’re a perfect place to start a college fund, or you can use it as an opportunity to teach kids how to save up for a special purchase—like a gaming system or a special trip.


Kids Club accounts receive a special 5.01% annual percentage yield, up to the first $500 saved.

Monty says, “Our interest rate means that in one year, you’ll earn an extra 5 cents for every dollar you save in your account!”

Special Features

Your child will also receive their own Pass Book, where they can record deposits and watch their balance grow over time. When your child’s account balance reaches $100, they’ll get an adorable plush Monty dog to take home with them. Plus they’ll receive birthday and holiday greetings from Monty, and invitations to special Kid’s Club events.

Opening a Kid’s Club Account

You can open a Kid’s Club Account for any child 12 years old or younger—even newborns!

You should bring along two forms of identification for your child or grandchild to open an account at any of our locations. This can include:

  • Birth certificate
  • Social Security card
  • Passport

Our staff will help you with everything else from there!

Parent Resources

In addition to teaching the importance of saving with a Kid’s Club account, there are many other resources available from the American Bankers Association to help teach your child healthy spending habits.

Financial Conversation Starters

Examples for how to start including your kids in your daily financial activities.

Money Resources for Kids

Tips and tricks for making “money talk” simple.

You Could Be A Banker

What you need to know to work at a bank when you grow up.

*Kid’s Club Savings is a tiered, interest-bearing savings account. The interest rate and corresponding annual percentage yield (APY) are tiered. If the daily balance in the account is $500.00 or less, the interest rate paid on the entire balance will be 4.92% with an annual percentage yield of 5.01%. An interest rate of .15% will be paid only for that portion of your daily balance that is greater than $500.00. The annual percentage yield for this tier will range from 5.01% to .39%, depending on the balance in the account. (APY calculations are based on a total deposit balance of $10,000.) Rate is effective as of July 1, 2019. $50.00 minimum opening deposit is required. There is no minimum balance required or monthly maintenance fee. Fees could reduce earnings. Rates are variable and are subject to change at the bank’s discretion. Rates are calculated on a daily balance method. The methods of account access vary by product type, and certain account access methods may not be available with all products. If withdrawals exceed 9 per quarter, a $1.00 per item fee will be charged. Limited to one Kid’s Club Savings account per child. At the age of thirteen (13), the account will be converted to a Montgomery Blue Savings account, and will be assessed a $10.00 service charge if the balance falls below $100 at any time during the quarter. Account is subject to additional fees as disclosed on the Bank’s Miscellaneous Fee Schedule. When the child reaches the age of 13: A letter (along with Blue Savings disclosures) will be mailed to the primary account owner. The letter: Introduces our eTeen Checking product and explains that the account will be converted to a Blue Savings Account at the end of that calendar quarter. If the current signature card does not contain the child’s signature a new signature card will be completed with the child’s signature, along with all other owners. If the account is an UTMA or the child is not an authorized signer, this updated signature card is not needed.