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MyCU Youth

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 age 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. Once your child has $300 or more in a MyCU Savings Account, it pays dividends of 1.23%*. Remaining balances over $300 will earn 0.05% APY*

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 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, 16-17 years old, 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.

Account Features:

  • $25 minimum opening balance
  • No minimum balance to maintain the account
  • No monthly service charge
  • Electronic Statement
  • Free Online Banking
  • Free Mobile App
  • VISA® ATM/Debit Card

Watching the balance on their savings account grow can motivate them to be smarter consumers and better savers as they grow up!

*APY = Annual Percentage Yield. APY = 1.23% on balances between $0.01 and $300. Remaining balances over $300 will earn 0.05% APY. Rates may vary after account is open. Rates subject to change without notice. Rates effective as of July 1, 2017. Fees may reduce earnings.