It’s never too early for kids to learn about money. A MyCU Youth savings account is designed to teach your kids about money and setting savings goals. Credit Union youth ages 0-17 are eligible.
Kids’ Savings Accounts Help Teach Money Basics
The Power of Compound Interest
Teach your child about the power of compound interest. A MyCU Savings Account pays dividends of 2.34% APY* up to $300.
Start Good Savings Habits
Easily set up supplemental accounts for your child’s goals – whether they’re saving for a bike or looking ahead to save for college.
Learning the power of long-term savings earlier in life with our MyCU Youth account can help prepare your child for long-term goals. Start your child off right with our MyCU Share Certificates. Only a minimum investment of $300 is required for a lifetime of comfort.
Easy Account Access
You can transfer allowance directly into your child’s account, while they track progress toward savings goals and deposit birthday or holiday checks. Teens age 14 and older will learn what it means to manage their money through a variety of educational materials as well as real-world experience with their very own VISA® ATM/Debit Card and Online Banking access.
- $25 share deposit for Credit Union ownership (required)
- No minimum balance to maintain the account
- No monthly service charge
- It’s Me 247 Online Banking
- Mobile App
- VISA® ATM/Debit Card