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Set Your Child on a Path to a Brighter Financial Future

Help Kids Save Smarter, Not Harder

Student Savings Account

First Steps to Financial Freedom

Student Savings Made Simple

Help Your Child Build a Strong Financial Foundation

Opening your child's first savings account is not just about putting money aside; it is about starting healthy financial habits early. An EdFed student savings account gives kids the tools to learn responsibility, gain confidence, and watch their money grow, with support from EdFed every step of the way.

Start now and take advantage of EdFed's benefits for kids and teens, including:

  • Minor1 and teen savings accounts with no monthly maintenance fees
  • Student Checking Account available for teens
  • Surcharge-free ATM withdrawals at all Publix ATMs
  • EdFed-sponsored student scholarship programs
  • Access to financial education workshops and events
  • Student loan solutions offered in partnership with Sallie Mae2

Documents required to establish membership:

Ages 17 & Under

  • Original, photocopy, or digital copy (e.g., photo) of Social Security Card
  • One form of valid ID
    • US driver's license
    • US state ID
    • Government-issued passport (including foreign passport)
    • Resident Alien ID
    • US Military ID
    • Original/Certified Copy of Birth Certificate
    • Current year School ID
  • Proof of physical address, if not listed on ID (e.g., Educational institution transcript forms for the current school year or proof of physical address in the parent's name)
  • Minors ages 12 and under must be accompanied by a parent or guardian1

Ages 18+

  • One form of valid ID
    • US driver's license
    • US state ID
    • Government-issued passport (including foreign passport)
    • Resident Alien ID
    • US Military ID
  • Proof of physical address, if not listed on ID (e.g., Utility bill, bank or credit card statement, automobile insurance policy, etc.)

1 Minors under the age of 13 must have a joint owner on the account

2 These loans are made by Sallie Mae Bank or a lender partner. EdFed is not the creditor for these loans and is compensated by Sallie Mae for the referral of loan customers.