Youth Savings

Help them see what saving can make possible.

A birthday check. Money from a grandparent. A few dollars earned helping around the house.

A Youth Savings Account gives that money a place to grow—and gives you a simple way to help your child understand what happens when they save instead of spending everything today.

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Small deposits can teach big lessons.

Children don’t need complicated money lessons. They need opportunities to make choices and see what happens next.

A savings account can help your child learn:

  • Money can be saved for something important

  • Small amounts add up over time

  • Reaching a goal takes patience

  • Spending now means having less later

  • Saving creates more choices in the future

The amount doesn’t have to be large. What matters is helping your child connect today’s decision with tomorrow’s possibilities.

An account you can manage together.

Youth Savings is available for children and teens from birth through age 18.

The account includes:

  • A $5 minimum balance

  • Dividends paid on the savings

  • Up to three free withdrawals each month

  • Joint ownership with a parent or guardian

Dividends are money the credit union adds to the account based on the balance and current rate.

As the adult joint owner, you can help manage the account while involving your child in age-appropriate decisions along the way.

Let’s Get Started

Give the savings a purpose.

Saving becomes easier to understand when your child knows what the money is for.

It could be:

  • A toy or game

  • A bicycle

  • A school activity

  • A first car

  • College or job training

  • Something special they haven’t decided on yet

Help your child choose a goal, check the balance together and notice the progress. The goal may change over time. The habit of saving can stay with them.

What happens next?

Open the account together.

A parent or guardian opens the account as a joint owner with the child. We’ll explain what you need to bring.

Add money when it makes sense.

Deposits can come from birthday gifts, allowances, paychecks or money your child decides not to spend.

Let your child see the progress.

Check the balance together and talk about how each deposit moves them closer to their goal.

Make room for questions.

Why did the balance change? How much more is needed? Is the goal still worth waiting for?

Those simple conversations can help money make more sense.

Youth Savings Questions

  • The account is available for children and teens from birth through age 18. A parent or guardian must be a joint owner.

  • The account requires a $5 minimum balance.

  • Yes. The account earns dividends based on the balance and current rate. Dividends are money the credit union adds to the account.

  • Yes. The account includes up to three free withdrawals each month. Ask us about any fees or limits that may apply after that.

  • Yes. As the parent or guardian and joint owner, you can help manage the account and guide your child’s saving decisions.

  • There is no perfect schedule or amount. The goal is to make saving understandable and repeatable. Even occasional deposits can help your child see progress.

  • Beginning at age 14, your child may also be eligible for Teen Checking. We can help you decide when they’re ready for a debit card and more hands-on experience managing money.

  • Contact us or visit the branch. We’ll explain what you and your child need to bring and help you open the account together.

They don’t have to start with much. They just need a place to start.

You don’t need to teach your child everything about money today.

Help them save something, choose a goal and see what happens over time. We’ll be here to help both of you along the way.

Open Youth Savings