| Young Americans Center for Financial Education | |
| Type: | Private company |
| Industry: | Financial services, Education |
| Foundation: | in Denver, Colorado |
| Location City: | Denver, Colorado |
| Location Country: | United States |
| Key People: | Rich Martinez, President and CEO, Bill Daniels, Founder |
| Services: | Banking services, education |
| Num Employees: | 44 (2009) |
| Parent: | Young Americans Center for Financial Education |
The Young Americans Bank (YAB) is an American bank specifically set up for young people under the age of 22.[1] Although designed to teach children and young people how to manage money, Young Americans Bank is a full for-profit, Federal Deposit Insurance Corporation-insured financial institution.[2] As a full service bank, YAB offers, among other financial products, savings accounts, loans, checking accounts, certificates of deposit (CDs), and credit card accounts.[3]
Young Americans was set up in 1987 by Bill Daniels, an American cable television executive, after a group of elementary students in Denver, Colorado were denied a loan from other banks for a school project.[1]
Young Americans Bank is housed under Young Americans Center for Financial Education, a 501(c)3 non-profit that organizes programs such as Young AmeriTowne, International Towne, Get a Head for Business, and summer camps.[4] [5]