Give your kids a jump start on saving smart
Visit a Branch
At Blue Foundry Bank, we understand the value of teaching your kids money management skills. Our essential accounts are built to do just that, with custom digital tools and account features designed to provide them with knowledge about finances while giving you piece of mind. Visit your nearest branch location to open one of the accounts below for depositors under the age of 18. When you open them a Blue Axis Connect® account, you'll get a $10 account credit on us1. Upon opening them a Blue Axis Edge® Savings account with a deposit of $10 or more, we'll also match it with a $10 deposit2 on us. Now that's saving smart!
FEATURED ACCOUNTS
BLUE AXIS CONNECT®
The road to adulthood means new freedoms and new responsibilities. Equipped with digital tools and features customized for them; their account will provide access to money on the go and a seamless introduction to money management
Free Debit Card that connects seamlessly to Apple & Google Wallet for secure tap-and-go payments
$10 Deposit Credit1
Custom Digital Tools: eBanking with Debit Card Management and Digital Wallet
Unlimited ATM cash withdrawal fee rebates worldwide3
No monthly maintenance fees
Minimum opening deposit of $1
Interest earned on all balances4
Early Pay available
Avoid a $2 monthly statement fee by enrolling in eBanking and selecting eStatements
BLUE AXIS EDGETM SAVINGS
We believe better interest rates make for a better savings account. This blended rate account offers access to highly competitive rates, while keeping your cash liquid. And, it’s perfect for achieving your short to medium-term savings goals.
Unlimited ATM cash withdrawal fee rebates worldwide3
$10 Opening Deposit Match Credit2
Earn as much as 5.00% APY5
No monthly maintenance fees
Minimum opening deposit of $5
Early Pay available
Avoid a $2 monthly statement fee by enrolling in eBanking and selecting eStatements
1 Must be under the age of 25 to open the account. Bonus will be credited within 5 business days of the account opening. Only one account per consumer will earn the $10. Parent/Guardian must be a joint account holder if primary depositor is under the age of 18.
2 Must be under the age of 18 and make a minimum deposit of $10 to earn the bonus. The bonus will be credited within 5 business days of the account opening. Only one account per consumer will earn the $10. If the account is closed within one year of opening, the $10 bonus will be forfeited. Age 12 and under must open a Custodial Account.
3 Unlimited ATM fee rebates apply to cash withdrawals using your Debit Card at all participating Accel and Cirrus ATMs worldwide. ATM fee rebates do not apply to any fees other than those assessed for using an ATM to withdraw cash from your account. Blue Foundry Bank makes its best effort to identify those ATM fees eligible for rebate, based on information it receives from ATM operators. Blue Foundry Bank reserves the right to modify or discontinue the ATM fee rebate at any time.
4 Rate is subject to change after account opening. Fees may reduce the earnings on the account.
5 This account earns a blended variable rate: balances of $.01 - $4,999.99 earn an APY (Annual Percentage Yield) of 5.00% based on an interest rate of 4.88%; balances of $5,000 - $249,999.99 earn an APY of 1.60% based on an interest rate of 1.59%; and balances of $250,000 and up earn an APY of 2.50% based on an interest rate of 2.47%. Rates are effective as of 8/26/24 and subject to change after account opening. Minimum opening deposit of $5. Fees may reduce the earnings on the account.