Student Savings Account | MA, RI Bank Student Savings

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Save
Depositors Insurance Fund

100%

deposit insurance.
Ensure the safety of every penny!
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Spend
Interest Checking

Earn

0.25%APY

with our eAccess Checking Account
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Borrow
Special HELOC Offer

2.99% APR* Introductory rate for 12 months from date of funding. Wall Street Journal Prime Rate on a monthly float thereafter until maturity with a Floor of 4.00% APR*
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Plan
A Simple Approach to Investing

Investment Services and Retirement Planning from Infinex Financial Group, located at BankFive
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Connect
- Mobile Banking
- Online Banking
Register for Online Banking

Manage your accounts quickly and conveniently,

24/7.
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Open an Account

Online Banking

Open an Account

It's the lesson plan to follow for steadily growing your money.

Between homework, studying, sports, and after-school jobs, there’s not much time left for high school and college students to think about managing money. That’s why BankFive created an account with Massachusetts and Rhode Island students in mind. With Student Savings, you can open your account right online, feed it automatically with regular deposits, and manage it while on the move, using your computer or mobile device.

The worry-free, hassle-free way to save:

Available for students ages 16-24¹
$10 minimum balance to earn interest
Free access to Online Banking and Mobile Banking
Make unlimited mobile and in-branch deposits
Use this account as overdraft protection on your Student Checking account

Open Account View Rates

¹ On 25th birthday, account automatically changes to eAccess Savings, subject to the terms and conditions, terms of service, and fees of that account.

Savings Resources

Learn about our 100% deposit insurance, check current rates, and access handy planning calculators.