The Grow Account | Elements Financial

The Grow Account

Kid with BankOur youth savings account that grows with your child and family through milestone stages. This program will allow you, the parents, to teach your children about saving, spending, giving, and borrowing with age-appropriate Elements Financial solutions.

To open a Grow Account for your child, complete our PDF Membership Application and Membership Addendum and return to Elements.

No monthly maintenance fee. $5 required minimum balance to open the account.

Get BONUS DIVIDENDS for The Grow Account.

Maintain an average daily balance of at least $500 per quarter and you’ll receive a quarterly bonus directly into your Grow Account**. The more you save, the more you’ll earn in BONUS DIVIDENDS from Elements!


All Elements Financial Savings Accounts Feature

  • eBranch Internet Banking and Mobile Banking: Free services open around the clock on our website and via your mobile device.
  • 72,000+ Surcharge-Free ATMs worldwide & 5,500+ Shared Branches nationwide: More physical access points than larger banking competitors.

Want help making the best choices? Talk to us now about what's right for you: (317) 276-2105 or toll-free (800) 621-2105.

Current Grow Account Rates

Rates effective as of April 1, 2016, and may change after account opening without notice. Fees may reduce earnings.

The Grow Account Dividend Rate Annual Percentage Yield
All Balances** 0.25% 0.25%

**If you maintain a minimum average daily balance (ADB) of $500 for a quarter, you will receive a bonus dividend , paid at the end of the quarter. The bonus dividend will be equal to the cumulative dividends paid during that quarter. The ADB is calculated by adding the full amount of the principal in the account each day for the period and dividing the figure by the number of days in the period. For opening the Grow Account, the age restriction is under 18 years old. Grow Account Annual Percentage Yield of 0.25% accurate as of 4/1/2016. You must maintain an average daily balance of $100 to earn a dividend. Rates may change after account opening without notice. Fees may reduce earnings.