Start your Young Savers saving account now!  The savings account is available to custodians opening an account for a minor under the age of 18 under the Uniform Transfers to Minor Act (UTMA).

A Young Savers account is perfect as a child’s first savings account. The account helps establish smart saving habits at a young age. Enjoy competitive rates and no minimum-balance requirement.


  • Available to individuals under the age of 18
  • Interest is compounded daily
  • Opening deposit of only $10
  • No minimum balance requirement
  • FDIC insured

Rates and Fees

  • There is no monthly maintenance fee.
  • Competitive rates

Note: When the minor reaches the applicable statutory age of majority, the Young Savers account will be transferred to a Regular Savings account and subject to the balance requirement and fees for Regular Savings.

Other Services

  • Free Online Banking
  • Electronic Statements
  • Auto Save – set up auto transfers to a Young Savers account from your Sandy Spring Bank checking account


To open a Sandy Spring Bank Young Savers account:

By law, certain types of withdrawals are limited. Withdrawals over the limits are excess activity. You may make up to a combined total of 6 withdrawals per monthly statement cycle (or calendar month if you receive a quarterly statement) by either check, draft, debit card purchase or similar order (if available on the account,) telephone, automatic or pre-authorized transfer to another of your accounts with us or to a third party. Such transfers include those made by Telephone Banking Line, Online Banking and transfers from your savings account to cover overdrafts. An excess activity fee of $25 will be assessed each time you exceed any of these limits