New no-fee checking account for children and teens, paired with a 5.12% APY¹ savings rate, a parent-controlled debit card, and a $105 checking bonus² offer to teach smart money habits.
DANBURY, CONN – November, 13, 2025 – Union Savings Bank (USB) today announced the launch of “GoalGetter,” a new youth banking program designed to help kids and teens ages 5–17 learn smart money habits that last. With the rallying theme, “Make your child money smart. Make them a GoalGetter,” the new program turns every dollar they get, spend, save, and give into life lessons both parents and kids will be proud of.
The product addresses a critical need for early financial education. A special report from Brookings Institution highlights that children as young as 5 years old can reliably display savings behaviors, and elementary-aged children retain financial knowledge from modest financial exposure. GoalGetter is designed to be that effective hands-on tool, providing a safe framework for children to learn by doing.
GoalGetter combines a no-fee checking account with a high-yield savings account component, offering a market-leading 5.12% APY¹ on the first $2,000. This structure is built to make savings tangible and rewarding, showing kids how their birthday money and chore earnings can work for them.
“As families navigate rising costs and economic uncertainty, parents are determined to equip their children with money management skills and tools they can use for life,” said Frank Sottosanti, Senior Vice President and Director of Brand and Innovation at Union Savings Bank. “We created GoalGetter to be just that. It’s not just an account or a reloadable debit card; it’s a hands-on learning experience that empowers kids with the freedom to make their own choices while keeping parents in the co-pilot seat.”
The GoalGetter debit card is a cornerstone of the program, providing real-world experience with parental peace of mind. Through the USB Mobile App, parents and guardians can:
- Set spending limits by amount or transaction type
- Receive real-time transaction alerts
- Instantly freeze or unfreeze the card
- Transfer emergency funds instantly
The account is designed to help eliminate financial anxiety for families, too. There are no monthly service fees and no overdraft fees³.
For a limited time, Union Savings Bank is offering a $105 bonus² to families who open a new GoalGetter Checking account to jump-start their child’s goals.
GoalGetter Key Features:
- Savings That Grow: 5.12% APY¹ on the first $2,000 in savings
- No Fees, No Worries: No monthly service fees and no overdraft fees³
- Parent-Controlled Debit Card: A card in the child’s name, fully managed by parents via the USB Mobile App
- Mobile App & Spending Insights: Interactive tools show where money goes, turning purchases into lessons
- Automatic Transfers: Parents can set up automatic allowance deposits and “pay yourself first” savings transfers
- Accessibility: Designed for ages 5-17, open with as little as $5, and includes free unlimited ATM transactions⁴
- Real-world Tools: Once a child turns 13, they can use Zelle® as a safe way to send or receive money with people they know and trust
The program also integrates a lesson in charitable giving. When a family opens a GoalGetter account, Union Savings Bank will donate a tote full of school supplies (valued at $100) to the child’s teacher as part of the bank’s Teachers’ Closet program⁵.
“GoalGetter is about building a foundation for a lifetime of smart financial decisions,” added Sottosanti. “We’re proud to offer a program that not only aims to build wealth for the next generation but also gives back directly to the teachers in our communities.”
The GoalGetter Checking and Savings accounts can be opened with as little as $5. To ensure a secure and personalized setup, accounts must be opened in-branch with both the child and a parent or legal guardian present.
To learn more or find a nearby branch, visit unionsavings.com/GoalGetter.
About Union Savings Bank
Established in 1866 and headquartered in Danbury, Conn., Union Savings Bank is a $3.0 billion mutual bank dedicated to being the bank of choice. As a full-service financial institution, Union Savings Bank provides banking, mortgage, investment, trust and insurance products throughout Connecticut with 25 offices in Bethel, Brookfield, Canton, Danbury, Goshen, Kent, Litchfield, Marble Dale, Monroe, New Fairfield, Norwalk, New Milford, Newtown, Ridgefield, Roxbury, Southbury, Torrington and Washington Depot. The bank provides financial services to individuals, businesses, not-for-profit organizations, and government entities through its commercial, residential and consumer lending, corporate services, retail banking and wealth management divisions. Please visit www.unionsavings.com for more information; the bank can also be found on LinkedIn and Facebook. Member FDIC. Equal Housing Lender.
Disclosures
¹ APY = Annual Percentage Yield. As of November 12, 2025, balances between $.01 and $2,000.00 will earn a companion rate of 5.12% APY; balances $2000.01 or more will earn a companion rate of 1.01% APY. The total blended APY will range from 1.01% to 5.12%. Without a GoalGetter Checking account, the account will earn 0.03% APY on all balances. Minimum of $5 to open. The child named on the account must be under 18 years of age. At age 18, the account will convert to Essential Savings Account and earn the APY Union Savings Bank is offering at that time. Limit one account with companion rates per child. Rates subject to change and may be withdrawn at any time.
² To receive a $105.00 bonus, open a new GoalGetter Checking account (subject to approval) as the primary account holder. Get $105.00 if your ending balance for the month you opened the account (or first statement cycle) is $50.00 or more. The funds may be transferred or converted from another USB deposit account.
Offer is valid from November 12, 2025, through January 31, 2026. Limit one offer per customer. Promotion may be canceled without notice. Bonus amounts will be credited to checking account between December 1, 2025, and February 28, 2025, depending on the date you open the account. Account must be open and in good standing to receive bonus. Bonuses are subject to 1099 IRS reporting requirements. Employees of Union Savings Bank are not eligible. Visit unionsavings.com for complete details.
³ If you do not have sufficient funds available in your account to cover a transaction, the transaction will be declined in most cases. It is possible for the account to be overdrawn and have a negative balance, but no overdraft fees will be charged.
⁴ The GoalGetter account is designed for children and teens ages 5 to 17. The child is the primary owner, with a parent or legal guardian as a co-owner. At age 18, the account will convert to an Essential Checking and Essential Savings account.
⁵ Free tote bags are offered through USB Teachers’ Closet and are available for grades K – 5 only; child opening account will provide direct access to his/her teacher to order the tote bag online; limit three tote bags per teacher per school year.
Zelle® and the Zelle® related marks are wholly owned by Early Warning Services, LLC and are used herein under license.