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Kids Savings

Give your kids a head-start on their financial future!

Our savings accounts are designed to be simple and flexible, so you can save in a way that fits your life.

Kids Savings

  • Give your kids a head start on their financial future with a Kids Savings Account!
  • Open a Kids Savings Account and receive $25.
  • Interest-earning; higher rates to reward saving.
  • Available for kids from birth to age 17; converts to statement savings once 18.
  • Free statements.
  • Minimum opening deposit of $1.
  • More details below!

To be eligible for account bonus you must open and fund a Kids Savings account with a qualifying child between October 25, 2021 and December 31, 2021. The secondary owner of the account must have a Maine address and be at least 18 years old, and the qualifying child must be under 18 and not have had a Kennebec Savings Bank Kids Savings account in the 12 months prior to account opening. There is a minimum opening balance of $1. A $25 bonus will be credited to your account within 30 calendar days of the account being opened and funded, if the account remains open and in good standing until the bonus is credited. Account bonuses are reported to the IRS as interest income. One bonus payment per account, and only one bonus will be paid per qualifying child, regardless of their number of accounts. Please be aware that, due to privacy reasons, we may not be able to provide information regarding existence of other accounts for a child.  This cannot be combined with any other offer. Limited-time offer, subject to change.


As of 10/20/2021, Annual Percentage Yield (APY) for the Kids Savings account is 0.15%. Fees may reduce earnings. Rates subject to change after account opening. Please see the "Understanding Your Deposit Account" brochure for additional terms and conditions.