Key4Kids^® Savings Account

Yes, parents or legal guardians can access the money in a kids' savings account.

Key4Kids savings accounts can only be opened in-branch with a parent or guardian. To find a Key branch near you, visit key.com/locations. To open an account, we need the child's Social Security number and date of birth, and a parent or guardian must have a form of identification for themselves as well as the minimum opening deposit.

It's recommended that children save at least 10% of their income or allowance. The amount saved depends on your child's age and what they are saving for, such as a new toy or education expenses.

Children can withdraw money from their savings account with the custodian of the account present.

When your child turns 18, the account will automatically be converted to a Key Saver^® account. All of the service charges related to a Key Saver account will then apply. However, it will remain a custodial account, so the parent or guardian and recent Key4Kids account graduate should visit a Key branch to review savings options.

The account custodian or the child on the account can make deposits in a branch with the account number. The account custodian can also make deposits online and through mobile banking, as well as directly deposit funds from their paycheck or through automatic debits.