Sprout Savings Account
Watch Their Savings Grow with Sprout Savings
Start smart savings habits early with a Sprout Savings account, designed just for your child from birth to young adulthood*. Whether it’s their first birthday check or allowance money, every dollar earns a competitive interest rate on balances up to $10,000, helping their savings grow right alongside them.
Sprout Savings benefits:
- Competitive interest rate on the first $10,000**
- No monthly service fee
- Perfect for teaching money management
- Joint ownership with a parent or guardian
Stop in to your local branch to open an account today and give your child’s future a healthy start!
Contact Us to Learn More
There is no minimum balance required to open the account. Must maintain a minimum daily balance of $0.01 in order to receive the interest rate.
Up to two Sprout Savings accounts may be opened per minor, one under each ownership type. A Minor on a Minor Account lists the minor as owner and parent/legal guardian as signer(s); the minor has no transaction authority, and the account is not eligible for Round-Up transfers. A Joint Owner Account (ages 11–17) lists both the minor and parent/legal guardian as joint owners. This ownership type is required only if linking to a Plains Teen+ Checking account for the Round-Up feature. “Minor on a Minor” accounts may be converted to Joint Owner accounts upon request.
*Once the minor turns 18 they have access to the account. The account will automatically convert to a regular Plains savings account after the minor turns 18.
**The interest rate and annual percentage yield (APY) are accurate as of 11/3/2025. If you would like more current rate and yield information, please call us at 866.937.1134. The following tier applies:
Tier 1: If your daily balance is $10,000.00 or less, the interest rate paid on the entire balance will be 4.50% with an annual percentage yield of 4.59%.
Tier 2: If your daily balance is greater than $10,000, an interest rate 0% will be paid only for that portion of your daily balance that is greater than $10,000. The annual percentage yield for this tier will be 0% on this balance in the account.