Kids Accounts

Whether you have a young saver getting started or an older child with additional banking needs, we have the right accounts to get them started, and then grow with them.

Penny Savers Savings (11 & younger)

Designed for kids 11 years of age and younger.

Features:

  • No minimum to open.
  • No minimum balance.
  • No quarterly service fee.
  • Earn variable interest rates.
  • Semi-annual newsletter.
  • Birthday card from Penny Bear.
  • Six transfers or withdrawals per month by pre-authorized, automatic, Hills Bank OnlineTM, telephone, check, draft, debit card, or similar order to third parties.
  • At age 12, the account converts to a GO! Savings.

GO! Checking (17 & younger)

Designed for teens 17 years and younger.

Features:

  • No minimum to open.
  • No minimum balance.
  • No monthly service fee.
  • Unlimited free ATM transactions. (The owner of a non-Hills Bank ATM may surcharge, but that's their fee, not ours).
  • 20 free checks upon account opening.
  • Semi-annual newsletter.
  • At age 18, the account converts to Free Checking.
  • Parent or legal guardian required to be an owner of account if primary account holder is under 18 years of age.

GO! Savings (12-17 years old)

Designed for youth 12 – 17 years of age.

Features:

  • No minimum to open.
  • No minimum balance.
  • No quarterly service fee.
  • Earn variable interest rates.
  • Semi-annual newsletter.
  • Six transfers or withdrawals per month by pre-authorized, automatic, Hills Bank OnlineTM, telephone, check, draft, debit card, or similar order to third parties.
  • At age 18, the account converts to Free Savings
  • Parent or legal guardian required to be an owner of account if primary account holder is under 18 years of age

CollegeSaver CD

Saving for college is easier than ever with the Hills Bank CollegeSaver Certificate of Deposit.

The CollegeSaver CDTM offers the convenience of a savings account and the earning power of a certificate of deposit.  It can be opened for your child or grandchild with a term of two or four years for only $100.  As an added benefit, you can make additional deposits as often as you like with as little as $25.

A CollegeSaver CD carries your scholar’s name and social security number and is automatically renewable until age 21.

View rates and open your CollegeSaver CD at any Hills Bank location

Coverdell Education Savings Account (CESA)  

Start your child’s college fund.  A CESA allows you to save for higher education with certain tax advantages.  Consult your tax advisor for specific tax-savings information.

  • $100 minimum to open
  • Fixed rate certificate of deposit – several options available
  • Additions of $25 or more permitted

For more information about Coverdell Education Savings Accounts, visit any Hills Bank location  or call 1-800-445-5725 (1-800-HILLSBK).