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You need to be atleast 18 years old in order to open a bank account that you can operate individually. If you are less than 18 years old, you will be termed a minor and the bank will expect your legal guardian or parents to be a co-holder of the bank account. So, you need to take your mom or dad to get a bank account.

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Q: Can twelve year-olds open savings accounts?
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Related questions

Can I open a savings account if I have a judgment against me?

Yes, you can open a savings account if a bank allows you to. Usually banks are not as strict with savings accounts as they are with checking accounts.


Where can you open a savings account?

You can open a savings account at any bank or credit union. There are online bank savings accounts, too.


Is there an age requirement for opening a savings account?

No, parents can open savings accounts for children or children can open savings accounts for themselves. If a parent has opened a savings account for a child then they can put it in their name once they turn eighteen.


How many savings accounts are open in particular bank?

50


Are savings accounts available?

Yes Sure. Savings Accounts are available in almost all banks across the globe. All you need to open a savings account is an Identity Proof, Address Proof and money to save in your account. Any bank will gladly open a savings account for you as long as you have the mandatory documents required to open one.


Does Wachovia offer Money Market Savings Accounts?

Wachovia does offer a MMA Savings Account. You can open this up at any branch.


A for-profit institution that works with the general public to open and manage savings accounts is known as?

a savings bank. apex hope that helps.


How can I open a Bank of America savings account?

Regular savings accounts from Bank of America offer you a steady, predictable return to build your personal savings. One might be able to open a Bank of America savings account by registering via the main website of a Bank.


Can you live in one state and open a savings account in another?

Yes. You may have savings accounts in multiple states, whether you have ever lived in that state or not.


What are high interest savings?

They're accounts that yield higher rate than a regular savings account. There are some minimum requirements to open a high interest savings account, such as maintaining a balance and depositing a minimum amount to open the account.


Is it a very good idea for parents to open savings accounts for children at a young age?

Yes, it is a very good idea for parents to open savings accounts for children at a young age. This enables compound interest to build up, as well as teaching children about the value of saving.


What are the advantages of savings accounts?

Savings accounts are the simplest of bank accounts that one can open. They provide us with very high levels of liquidity. Any day any time (when the bank is open), you have the rights to withdraw your money. Because of this, the interest offered by such accounts is very meager. Most banks offer us a rate of interest of around 3.5% to 4% per year. Advantages include savings for your future, easy liquidity and a decent interest rate.