/ Growth Spending Account at Needham

Empower Your Child’s Financial Future with Our Growth Spending Account*

Safe, Controlled, and Easy to Open at Our Needham Banking Center

Open Now!

Empower Your Child’s Financial Future with Our Growth Spending Account.

Safe, Controlled, and Easy to Open at Our Needham Banking Center

Open Now!

Introducing the Growth Spending Account

As a parent, you want to ensure your child’s financial future is secure and well-managed. Our Growth Spending Account is designed to help you do just that. It offers a safer alternative to cash, providing your child with a personalized debit card that you can control. This account promotes healthy money management habits from an early age, all under your careful supervision.

  • Personalized Debit Card

    Your child receives a debit card with their name on it, giving them a sense of responsibility and ownership.

  • Easy Monitoring

    Parents can monitor and control the card’s usage through our secure online banking platform, ensuring you are always in the loop.

  • Flexible Spending Limits

    Set card limits to control when, where, and how your child uses their card. Receive notifications for transactions, giving you peace of mind and total control.

  • ALLOWANCE IS EASY

    Make instant transfers to your child from your other Fidelity Bank accounts. You can also schedule recurring transfers to automate weekly allowance payments.

  • Teach Money Management

    Teach your child money management by setting up recurring transfers for allowance, paying them for chores, and easily transferring money between accounts.

  • Emphasis on Safety

    The Growth Spending Account is a safer alternative to cash, reducing the risk of loss and giving you peace of mind.

Unlock the Full Potential of the Growth Spending Account

We have a wealth of resources to help you teach your child about financial literacy and make the most of the Growth Spending Account. Check out our latest blogs for practical tips and strategies.

Explore our Blog

Open a Growth Spending Account at our Needham Banking Center and partner with a bank that cares about your child’s financial future.

When you choose the Growth Spending Account, you’re not just giving your child a debit card—you’re giving them a head start on financial literacy and responsibility. Experience the peace of mind that comes with our parental controls and the confidence that you’re setting your child up for success.

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*Minimum balance to open the account – You must deposit $10.00 to open this account. Additional requirements – You, the parent or guardian, open this account jointly with your child and assume responsibility for your child’s transactions. Your child must be 18 years of age or younger to qualify for this type of account. Growth Spending Accounts will appear as LifeDesign 18/65 Checking on statements and notices. Upon reaching the age of 19, this account will convert to a CareFree Checking or similar product at that time. Limit one Growth Spending account per child. Personal accounts only. Fees: See Fee Schedule.

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