Youth Savings Account
A smart start for growing savers.
The Youth Savings Account at Alcon Employees Federal Credit Union helps children and teens learn the value of saving from an early age. Available for ages 0–18, this account offers a simple way to build good money habits while earning dividends. With a low minimum balance and limited withdrawals, it’s a safe, supportive way for families to save together and plan for the future.
Already a Member? Contact us today to open a savings account!
Youth Savings Account
Helping young savers grow with confidence.
Our Youth Savings Account is designed to teach children and teens how to save responsibly. Parents and guardians can guide and support their child while watching their savings grow over time.
Features:
Available for youth ages 0–18
$5 minimum balance to open and maintain the account
Earn dividends on savings
Up to 3 free withdrawals per month
Joint ownership with a parent or guardian
Best for:
Families who want to teach children healthy saving habits from an early age.
How does it work?
Simple steps to start saving early.
Open the account together
A parent or guardian opens the account on behalf of the child.
1
Make regular deposits
Add money from allowances, gifts, or paychecks to help the balance grow.
2
Watch savings grow
The account earns dividends and helps kids learn patience and goal setting.
3
Youth Savings Account FAQs
Who can open a Youth Savings Account?
Youth Savings Accounts are available for children and teens from birth through age 18.
Is there a minimum balance?
Yes. A minimum balance of $5 is required to keep the account open.
How many withdrawals are allowed?
You can make up to 3 free withdrawals per month.
Does the account earn dividends?
Yes. Youth Savings Accounts earn dividends, helping savings grow over time.
Can parents monitor the account?
Yes. A parent or guardian is a joint account owner and can help manage and guide saving activity.
Why Choose Alcon Employees FCU?
Friendly, personal service you can trust
Local decisions and fast support
Secure digital tools that fit your life
Member-owned and not-for-profit
Proudly serving Alcon employees, contractors, and their families.