Youth Savings Account
Kids and young adults up to age 26½{{youth_savings}} earn a preferred rate on balances up to $1,000.
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Compound savings with a highly competitive rate.
With a Youth Savings Account, young savers will earn an exceptional rate on the first $1,000 deposited, making it an ideal tool for them to watch their money grow safely and securely. With no minimum balance and no service fees, it’s the perfect way to jumpstart their financial journey.
At a glance
- No minimum balance
- No service fees
- Balances up to $1,000 earn a preferred dividend rate
- Balances over $1,000 earn our savings dividend rate
Open an account via Digital Banking, by calling our Member Contact Center, or in person at one of our branch locations.
Account details
- Available to youth up to age 22½ — or age 26½, if the paperless eStatements option is selected
- VISA debit card available to youth account holders ages 13 and up with an F&A Checking Account
- Mobile deposit available
Deposit tiers
Earn a premium rate on the first $1,000 deposited, then earn the Ownership/Savings rate on amounts $1,000.01 and above.
Youth Savings
Create a pathway to smarter savings. Youth up to age 26½{{youth_savings}} earn a preferred rate on balances up to $1,000.
APY{{apy}} as high as
6.18%
Dividend rate{{dividend}} as high as
6.00%
Minimum to earn
$0.00
Minimum to open
$0.00
Monthly fee
$0.00
Monthly deposit limit
N/A
Monthly withdrawal limit
N/A
Paper checks available
No
Debit card provided
With a checking account; minors aged 13 and above qualify
Eligibility restrictions{{youth_savings}}
Must be a minor; or up to the age of 26 ½ with estatements
Federally insured balances up to
$250,000.00
| Balance Range | Dividend Rate{{dividend}} | APY{{apy}} |
|---|---|---|
| $0.00 to $1,000.00 | 6.00% | 6.18% |
| $1,000.01 or more | 0.25% | 0.25% |
Calculate Your Earnings
FAQs
Who is eligible for a Youth Savings Account?
Account available to members up to age 22 1/2. Age limit will be extended to 26 1/2 for members who agree to receive paperless eStatements. Only one Youth Account is allowed per member. Learn more about how to become a member.
Do I need to visit a branch to open a Youth Savings Account?
No, you do not need to visit a branch in person. Members can open accounts via Digital Banking or over the phone.
How does the child add money to their Youth Savings Account?
Youth 13 and older are eligible for an F&A Checking Account, which comes with a debit card that can be used at ATMs to deposit funds into their checking or savings account.
What happens when the youth account holder ages out?
Once the young adult reaches 22½ years old — or 26½, if paperless eStatements are selected — the account automatically switches to an F&A Savings Account so they can continue on the path to financial success.
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Regular Checking
No monthly fee. No minimum balance. Plus, your account earns dividends.{{dividend}}
APY{{apy_checking}} as high as
0.25%
Dividend rate{{dividend}} as high as
0.25%
$10,000+ Balance Rate
0.25%
Minimum to open
$0.00
Monthly fee
$0.00
The Art of Allowance Project
Teaching kids and teens how to save, spend, and budget money can be challenging. That’s why we partnered with The Art of Allowance Project, so members can get FREE access to engaging resources like The Money Mammals and Adolescent$ programs that make financial learning fun. Register today to start your child's journey to financial fitness.
Certificates
Earn a guaranteed rate of return on your investment with this safe, flexible savings option. Choose a term from six months to five years. Minimum deposit of $1,000.
APY{{apy}} as high as
4.50%
Dividend rate{{cert_dividend}} as high as
4.40%
Minimum to earn
$1,000.00
Minimum to open
$1,000.00
Monthly fee
$0.00