George Town, Grand Cayman —23 May, 2025: Butterfield is pleased to announce the launch of its enhanced Young Savers Account. Previously available for 10 to 17 year olds, this instant-access savings account can now be opened from birth with a minimum deposit of $20. Until the end of July, Butterfield will match the initial deposit up to the value of $50.

The improved offer provides children and teenagers with an opportunity to benefit from a more competitive interest rate, use of a Platinum Debit Mastercard and access to online banking for those aged 9 years and above, and free online educational resources as part of Butterfield’s wider commitment to financial well-being.

Mike McWatt, Butterfield’s Managing Director in Cayman, said: “We are pleased to announce the launch of our enhanced Young Savers Account—designed to support our community with banking solutions tailored to every stage of life. This account offers a competitive interest rate, no maintenance fees, and access to complimentary financial education resources that promote smart saving habits from an early age. Parents and guardians can open accounts for children from birth and conveniently monitor account activity through Butterfield Online and our card alerts app. 

As a special introductory offer, accounts opened before the end of July will receive a dollar-for-dollar match on the initial deposit, up to $50. For example, if you open an account with the minimum required deposit of $20, we will contribute an additional $20, bringing the starting balance to $40. A $50 deposit will receive the full $50 match, giving your child’s new Butterfield Young Savers Account a starting balance of $100.” 

Butterfield will be hosting a dedicated Young Savers event on Saturday, 19 July, at Butterfield Place, 12 Albert Panton St, George Town. There, parents and children can learn more about the promotion, and open accounts in a fun environment tailored to our Young Savers. Attendees will have the chance to meet and take photos with Vern, our aquatic wyvern mascot and take home an exclusive plushie with every new account opened. 

Those wishing to apply for a Young Savers Account can do so by downloading the application form here. Bring the completed form into any Butterfield Banking Centre together with your young saver and any supporting documents.

For more information, visit https://www.butterfieldgroup.com/en-ky/banking/personal-banking/accounts/savings/youngsavers

-ENDS-

Butterfield Bank (Cayman) Limited is licensed to conduct banking business and investment business by the Cayman Islands Monetary Authority.

BUTTERFIELD and the Wyvern Logos are trademarks or registered trademarks of The Bank of N.T. Butterfield & Son Limited in Bermuda and other countries.

About Butterfield:

Butterfield is a full-service bank and wealth manager headquartered in Hamilton, Bermuda, providing services to clients from Bermuda, the Cayman Islands, Guernsey and Jersey, where our principal banking operations are located, and The Bahamas, Switzerland, Singapore and the United Kingdom, where we offer specialized financial services. Banking services comprise deposit, cash management and lending solutions for individual, business and institutional clients. Wealth management services are composed of trust, private banking, asset management and custody. In Bermuda, the Cayman Islands and Guernsey, we offer both banking and wealth management. In The Bahamas, Singapore and Switzerland, we offer select wealth management services. In the UK, we offer residential property lending. In Jersey, we offer select banking and wealth management services. Butterfield is publicly traded on the New York Stock Exchange (symbol: NTB) and the Bermuda Stock Exchange (symbol: NTB.BH). Further details on the Butterfield Group can be obtained from our website at: www.butterfieldgroup.com. Butterfield Bank (Cayman) Limited is licenced to conduct banking business by the Cayman Islands Monetary Authority. 

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