Overview
No one’s too young to start saving! If your child is between ages 12 and 18, it’s time to start teaching them healthy financial habits. Opening a youth savings account encourages children to learn important money management skills while giving them a head start in life.
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BENEFITS
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EARLY SAVINGS SKILLS
Foster good saving habits in your children that will shape their financial future for years to come.
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HIGHER RETURNS
Your child can earn competitive dividends to help increase their savings much faster.
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MONTHLY REWARDS
If your teen deposits $10 or more per month, they’ll get a reward to encourage saving wisely and regularly.
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FINANCIAL EDUCATION
Help your kids become financially literate with free educational resources.
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SCHOLARSHIP OPPORTUNITIES
Apply for exclusive member scholarships when you open a Student Savings account.
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DOLLARS FOR A’S
The more A’s your student earns, the higher their account grows. Earn $1 for each A they receive on a report card.
MORE DETAILS ABOUT STUDENT & YOUTH SAVINGS ACCOUNTS
Giving your child financial skills today pays off big tomorrow. Our youth savings accounts make it fun and rewarding for kids to save from the start.
With your guidance, they’ll gain real-world money management experience. Kids can set savings goals, make regular deposits, and watch their balance grow. Fun incentives keep them engaged along the way.
Features include:
- Your child can grow their savings even faster by earning monthly dividends on balances of $10 or more.
- Teach responsible spending habits with a free Debit Card and checking account for your child when you open a Student Savings account.
- Help your kids learn how to manage their money with specialized Online and Mobile Banking tools.
- We make a $5 animal shelter donation with every new Student Savings account opened.
- Students get $1 for every “A” they receive on their report card.
- Apply for exclusive scholarships through Fibre Federal when you open a Youth Savings Account.
- Make monthly deposits of $10 or more and get entered to win huge prizes and cash rewards through the annual Savings Challenge.
- Every youth savings account is federally insured by the NCUA up to $250,000.
Click below to open an account and provide your child with an important early foundation for developing financial responsibility.
YOUTH SAVINGS ACCOUNT RATES
View all RatesOUR YOUTH SAVINGS CALCULATOR MAKES PLANNING EASY
See how much your child’s savings can flourish by using the calculator below. Input your numbers to view potential growth over 3-60 months.
Final Balance
Contributions: | Earnings:-
1
Apply
Visit a financial services center or click below to open a Student Savings account.
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2
Deposit $5
A small initial deposit is all it takes to grow your child’s savings.
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3
Start Saving!
Make manual contributions or set up automatic transfers to add funds.
Irene's service is 5 stars every time! She is always easy to get a hold of, and is able to answer any and all of my questions. She is always a go-to person. I cannot say enough about how well she treats her members.
WHY CHOOSE FIBRE FEDERAL CREDIT UNION?
As a not-for-profit credit union, we prioritize serving our members instead of outside shareholders. Joining our Fibre Family makes you a member-owner!
Discover the benefits of credit union membership through our complete range of financial products and services tailored to your needs.
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A Student Savings account is tailored to the needs of teens and young adults to help build healthy financial habits.
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You can open a Student Savings account if your child is at least 12 years old. The account automatically converts to a regular savings account when the child turns 19. If your child is younger than 12, you can start them off right with a Cash Club account that will automatically transition to a Student Savings when they turn 12.
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Our Student Savings accounts provide all the features of a regular savings account, but with a higher dividend to help young adults save faster. There are also plenty of incentives for smart saving including monthly deposit prizes, annual contests, and more.
Instill Good Saving Habits in Your Child
Help set up your child for financial success by opening a youth savings account today. Our teen-friendly accounts make saving easy and fun for children ages 12 up to 18.
MORE SAVINGS OPTIONS
All Rates
| Tier | Current Dividend | APY | Minimum to Open | Minimum Monthly Balance | Minimum to Earn APY | Balance Method | Compounded/Credited |
|---|---|---|---|---|---|---|---|
|
Tier 1: up to $10,000.00 |
1.49% |
1.50% |
$5 |
$5 |
$5 |
Daily |
Daily |
|
Tier 2: $10,000.01 or greater |
0.49% |
0.50% |
$5 |
$5 |
$5 |
Daily |
Daily |
Rates are effective April 19, 2024 and are subject to change.
Youth Savings accounts are tiered rate accounts. The dividend rate for the first tier will be paid on the first $10,000.00 of the account balance. The dividend rate for the second tier will be paid on the amount of the balance that exceeds $10,000.00.
Also see terms for accounts.
More Features
$5 Animal Shelter Donation
Help those in need with a $5 animal shelter donation with every new Student Savings Account.
Federally Insured
Your Youth Savings Account is federally insured up to $250,000, so you don't have to worry.
Scholarship Opportunities
Apply for exclusive scholarships through FFCU when you open a Youth Savings Account.
Annual Savings Challenge
Make monthly deposits of $10 or more and get entered to win huge prizes and cash rewards.
Online and Mobile Banking
Teach your kids how to manage their own money with specialized Online and Mobile Banking tools.
Earn Dividends
Your child can grow their savings even faster by earning dividends paid monthly on balances of $10 or more.
Free Checking Account and Debit Card
Teach your kids responsible spending habits with a free checking account and debit card when you open a Youth Savings Account.
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| Minimum to Open | Minimum Monthly Balance | Minimum to Earn APY | Balance Method | Compounded / Credited | Current Dividend | APY |
|---|---|---|---|---|---|---|
|
$5 |
$5 |
$50 |
Daily |
Monthly |
0.49% |
0.50% |
Rate is effective April 19, 2024 and is subject to change.
Also see terms for accounts.
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