Young Savers Account

A savings account that has no monthly maintenance fees for account holders age 25 and younger.

Considerations Details

Opening Balance


Withdrawal Limits

Transaction limits apply. Make up to six withdrawals and transfers each month without a withdrawal fee.1

Can the Monthly Service Fee Be Waived?

There are no monthly maintenance fees for savers age 25 and younger. Account holders under the age of 18 will require a parent or legal guardian as an additional signer on the account.2

Monthly Paper Statement Fee


Features and Benefits

  • Get paid on every dollar you save with no minimum balance requirement to earn interest
  • Variable rate, compounded daily,3 paid monthly
  • Learn to save while enjoying no minimum balance requirements or monthly account maintenance fee
  • Establish optional transfers from a checking account to help build savings automatically
  • Use Online Banking to manage finances on your time through a mobile phone, tablet, or computer4


Apply in person at one of our locations.

Please refer to the Deposit Account Agreement, Account Disclosure, Deposit Rate Sheet and Personal Account Schedule of Fees, or speak with a banker for more details.

1. Excessive Savings or Money Market Withdrawals – Federal banking regulations allow up to six (6) withdrawals by check, debit card, or pre-authorized, telephone, or computer transfer to another account or third party during a monthly statement cycle. However, you may make an unlimited number of withdrawals from your account in person, by ATM, or by mail. An excessive withdrawal fee of up to $15 is assessed if you exceed your withdrawal limits during a monthly statement cycle.

If the above limits are exceeded three (3) times in a twelve (12) month period, the account will be closed or changed to a different type of account.

2. Age-based Waiver – Anytime Checking and Young Savers discounts/waivers are open only to customers age 18-25. At age 26, the discount/waiver will automatically expire. Checking accounts are not available for ages 17 and under. Please refer to your Account Disclosure document(s) for complete information.

3. Interest – Interest is calculated using the daily balance method. This method applies a daily periodic rate to the collected balance in the account each day. Annual Percentage Yield (APY) is variable and may change after account is opened. Other fees may apply and may reduce earnings. Contact a branch for details.

4. Online Banking & Mobile Banking – Mobile banking is included at no cost from California Bank & Trust. Requires download of smartphone or tablet version of California Bank & Trust app from the Apple® App Store, Google Play®, or Samsung Galaxy® App Store. Message and data rates from your wireless provider may apply. Requires enrollment in Online Banking. Subject to the terms and conditions of the Online Banking Services Agreement.

This information is not intended to be the entire disclosure associated with these accounts. Complete disclosure of terms and service charges are available at any CB&T branch office and will be provided at account opening. For current rates or more account information, please ask a Financial Services Representative at any branch office.