Young Americans Bank
| Company type | Private |
|---|---|
| Industry | Banking, Financial services |
| Founded | 1987 |
| Founder | Bill Daniels |
| Headquarters | Denver , United States |
Area served | United States |
| Products | Savings accounts, loans, checking accounts, certificates of deposit (CDs), credit cards |
| Parent | Young Americans Center for Financial Education |
The Young Americans Bank (YAB) is a financial institution in the United States dedicated to serving clients younger than 22 years old. Established in 1987 by cable industry leader Bill Daniels after local youth were refused loans for a school initiative, YAB functions as a fully operational, FDIC-insured, profit-driven bank. It provides a range of financial services such as savings accounts, loans, checking accounts, certificates of deposit (CDs), and credit card options.
History
YAB operates under the umbrella of the Young Americans Center for Financial Education, a nonprofit organization classified as 501(c)(3). This center administers educational initiatives including Young AmeriTowne and International Towne, with a mission centered on enhancing financial literacy and fostering entrepreneurial skills among young people.