NexGen Savings
Take your kids' savings to the next level.
Open an Account TodaySo long, piggy bank...the way kids save has changed. NexGen Savings makes saving fun, easy and rewarding for kids and teens under age 18.
Details & Benefits
- Earn 5% APY5 on balances up to $1,000
- Earn 2% APY5 on balances greater than $1,000 up to $20,000
- $20 for each birthday^
- $50 minimum to open an account*
- No monthly fees
*Limit one NexGen account per minor tax ID.
^The minor account holder will receive a $20 credit on their birthday each year. The bonus will be deposited into the account by the end of the birth month. To be eligible, the account must be in an open status at the time of the minor’s birthday. The birthday credit may be subject to applicable taxes. Brentwood Bank reserves the right to modify or discontinue this offer at any time.
| Account Name | Minimum to Open | Minimum Daily Balance to Earn Interest | APY1 |
|---|---|---|---|
| Account Name High Yield Savings |
Minimum to Open $5,0002 |
Minimum Daily Balance to Earn Interest $5,000 |
APY1 3.30% |
| Account Name Statement Savings |
Minimum to Open $50 |
Minimum Daily Balance to Earn Interest $250 |
APY1 0.05% |
| Account Name Interest Rewards Saver3,4 |
Minimum to Open $50 |
Minimum Daily Balance to Earn Interest $0 - $50,000 |
APY1 2.27% |
| Account Name NexGen Savings5 |
Minimum to Open $50 |
Minimum Daily Balance to Earn Interest $0 - $1,000 |
APY1 5.00% |
| Account Name Holiday Club Savings |
Minimum to Open $50 |
Minimum Daily Balance to Earn Interest $250 |
APY1 0.05% |
| Account Name PassCard Savings |
Minimum to Open $50 |
Minimum Daily Balance to Earn Interest $250 |
APY1 0.05% |
Ways To Open an Account
Opening an account is simple.
1
Schedule an appointment
2
Visit a branch
Find a branch near you.
Fees may reduce earnings.
1 Annual Percentage Yields (APY) are based upon daily balance.
2 Requires $5,000 in new money not currently on deposit at Brentwood Bank. You must maintain $5,000 in the account each day to obtain the disclosed annual percentage yield.
3 To earn rewards, simply perform the following activities and transactions in your Interest Rewards Checking account each monthly qualification cycle:
- Have at least 12 debit card purchases (each in the amount of at least $5.00) post and settle to your account.
- Be enrolled in online banking, and be enrolled in and agree to receive eStatements.
4 Must have Interest Rewards Checking or Cash Back Rewards Checking to enroll in Interest Rewards Saver.5 Minimum balance to open an account is $50. Annual Percentage Yields (APY) are based upon daily balance. Balances up to $1,000 earn 5.00% APY. Balances greater than $1,000 and up to $20,000 earn 2.00% APY, resulting in a range from 5.00% to 2.15% APY, depending on the account’s balance.