Youth Accounts are special bank accounts designed for young people, typically under the age of 18. These accounts help teach financial literacy by allowing youth to manage their money, save for future goals, and learn about banking. They often come with lower fees and no minimum balance requirements, making them accessible for young savers. Many banks and credit unions offer Youth Accounts with features like online banking, debit cards, and parental controls. These accounts can also encourage responsible spending and saving habits, preparing young individuals for financial independence as they transition into adulthood.