True Youth Savings

Fostering Lifelong Financial Habits with a True Youth Savings Account

Invest in your child's future with a True Youth Savings Account, designed to foster financial understanding from a young age. Our True Youth Savings Account helps teach children and teenagers the basics of banking, money management, and financial responsibility. We offer youth savings accounts with no monthly service fees. Easily opened with any adult 18 years or older as a joint owner, this account comes with the benefit of online and mobile banking for easy monitoring of balances and transactions. Start today and empower your child with lifelong financial habits and the tools for success with a True Youth Savings Account.

Savings - Anticipated Dividends

Effective as of June 1st, 2025

Truth-in-Savings Share Disclosure

• A minimum deposit of $5 must be maintained
• No monthly account/service fee
• An average daily balance of $100 is required to obtain the Annual Percentage Yield for the monthly dividend period
• Dividends are compounded and paid monthly
• Accounts are still subject to the Fee Schedule
• Fees could reduce the earnings on the account
• Rates subject to change without notice

Account Opening Requirements

Opening a True Youth Savings Account can only be done at one of our lobby locations. You'll need the following:

• Child's birth certificate or government issued ID. If the child is 16 or older, they must have a government issued ID. A school ID is not a proper form of government issued ID.
• Child's Social Security Number
• Adult 18 years old or older as a joint owner, with their government-issued ID and Social Security Number.
• $5 deposit required to remain in the True Youth Savings Account as their share of the credit union for as long as the account is open

Empowering Financial Literacy with a True Youth Savings Account

Equip your child with essential money management skills by opening a True Youth Savings Account. Designed to foster financial understanding from a young age, this account offers no monthly service fees and enables children and teenagers to learn the basics of banking and fiscal responsibility. With online and mobile banking features, parents or guardians can easily monitor account activities, making it a practical educational tool for cultivating lifelong financial habits.

Savings Plan - Anticipated Dividends

Effective June 1st, 2025, our savings plan includes:

• Interest Rates: Balances under $100 earn no interest, while those $100 and above receive a 0.10% dividend rate (APY of 0.10%).

• Minimum Requirements: A $5 deposit maintains account membership, and a $100 average daily balance is needed to earn dividends each month.

• No Service Fees: Enjoy a fee-free monthly service environment, although other charges from our Fee Schedule may reduce earnings. 

• Variable Rates: Dividends, compounded monthly, are subject to change without notice.

Benefits of a True Youth Savings Account

1. Financial Education: Early exposure to banking principles helps inculcate essential money management skills.

2. Parental Involvement: The presence of online tools and mobile apps allows parents to guide their children through practical financial experiences.

3. No Configuration Hassles: Simple initial setup with just a few key documents ensures an easy start for you and your child.

4. Long-term Growth: By fostering positive savings habits, this account sets the stage for more advanced financial literacy and independence in adulthood.

Locate a Branch Near You

Join us in nurturing your child's financial future. Use our location finder or contact support to find your nearest branch and begin the journey with a True Youth Savings Account.