Youth Savings
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Youth Savings
Youth Accounts not only encourage the development of savings habits, they also promote financial education for the entire family. So, start 'em young with a Youth Account that offers FUN educational resources and awesome gameboards where they get a chance to win!
- Available for kids and teens up to 17
- Deposit $5 to open – No minimum balance to maintain
- No monthly service fees
- Online, Mobile, & Text Banking
- 24/7 parental access
Resources
Related Products & Services
Savings
MINIMUM INITIAL DEPOSIT: $5
| MIN. TO EARN DIVIDEND | ANNUAL PERCENTAGE YIELD | COMPOUNDING PERIOD |
| $5 | 0.03% | Monthly |
| $100 | 0.03% | Monthly |
| $5,000 | 0.04% | Monthly |
| $20,000 | 0.05% | Monthly |
| $50,000 | 0.07% | Monthly |
All rates are subject to change without notice. For the most up-to-date rates, please call Member Services at 800.877.4444. The Annual Percentage Yield (APY) stated for all accounts is accurate as of the date listed. Annual Percentage Yield assumes deposits, and dividends paid, are held to maturity. Penalties may be applied for early withdrawal on term accounts. Fees could reduce actual earnings. Refer to “Terms and Conditions” for other account information.
Information accurate as of January 5, 2021.
Youth Savings Account Fees
| Withdrawal in excess of 3 per month | $3.00 |
| Re-open Closed Account | $10.00 |
Savings Calculator
“The best time to plant a tree was 20 years ago. The second best time is now.” – Chinese Proverb (edited)
Frequently Asked Questions
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Are there any fees?
You have 3 free withdrawals per month. After that, there is a $3.00 fee per withdrawal.
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What happens at age 18?
On the member’s 18th birthday, Youth Savings Accounts are converted to regular Savings Accounts.