Image of a mom, dad, and child sitting on a couch putting money into a piggy bank.

Youth Savings Account

Empower your kids with our youth savings accounts, igniting their financial savvy and setting them up for a secure future.

Their savings need

Room to Grow!

Piggy banks are great, but with a Youth Savings Account, their money will grow with interest every month! Give your child a head start on good savings habits and sign up today. This account is a perfect financial foundation for individuals aged 0 to 17, fostering early savings habits and financial literacy with features tailored just for your child.

Youth Savings logo

have you started planNing for their future?

College. First car. Wedding. There are plenty of things to save for, and we can help!

Young girl blows out birthday cake candles.

Children (under 13 years of age)

A kids' savings account is like a fun playground where they can learn all about saving and spending wisely, right from the get-go!

Money Adventures for Kids
Start Small, Dream Big
Teach Them to Be Money Masters
Show Them the Value of Saving
Make Money Management Fun

Teens sitting together having a conversation and smiling.

Teenager (13-17 years old)

From college to their first car, teenagers have big dreams and goals; saving up for these milestones paves the way for exciting future adventures.

Empower Their Financial Journey
Build Money Confidence
Encourage Responsible Spending
Prepare for Life's Milestones
Teach the Power of Saving with our Common Cents Platform
Stay Connected with our mobile app, CCU Mobile

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And it keeps getting better!

Youth Savings Account Benefits:

No minimum balance
No monthly service fees
Unlimited withdrawals
Dividends paid and compounded monthly based on the average daily balance

Credit Union Benefits:

Free coin machine use
Access to award winning digital banking platform

What is a Youth Savings Account?

Youth Savings gives 0-17-year-olds access to our Savings Account Product, complete with all the benefits, while parents and guardians who are also CCU Members have visibility and control over the account activity.

Can my teen get a debit card with their Savings Account?

Teen account holders can get an ATM Card in their name, and if their parents/guardians are enrolled in CCU Mobile Banking, they can track their child’s account balance and transactions. The parent or guardian will have the ability to add money, track account transactions, and set up alerts to help monitor activity and balance.

Can more than one parent manage a Youth Savings Account?

CCU member parents who are joint on their account can both manage the Youth Savings Account. Otherwise, the parent who opens the account will have the ability to manage the account.

Is there an age requirement?

The Youth Savings Account for members under 13 needs to be created and managed by a parent or guardian that is 18 years or older. Teens, between the ages of 13 to 17, do not need a parent or guardian for a Youth Savings Account.

What are the benefits of a Youth Savings Account?

The YouthSavings Account is a fun way for children to learn about banking and how to manage money wisely. They can see their savings grow, and parents will have the oversight to help them make the most of their account.

Is the money in my child’s savings account insured?

Commonwealth Credit Union is federally insured by the National Credit Union Administration (NCUA), an agency of the federal government, so all accounts are insured up to $250,000 per member. To learn more, visit our webpage here (link to https://www.ccuky.org/my-life/invest-and-insure/ncua-and-esi)

Get a head start on saving for tomorrow

By earning interest and setting money aside for their future, kids and Teens can watch their savings grow and grab hold of exciting opportunities for their future.