Youth Savings Account
Give your child a financial head start. Our Youth Savings Account teaches good money habits that will last a lifetime.
Benefits of a Youth Savings Account From Telcoe Federal Credit Union
Youth Savings Account
The little ones are our future. Opening an account for family members aged 0-18 allows you to start a conversation at home about saving for a rainy day.
Best of all, we offer special rates on YOUTH Certificates of Deposit each April to keep young savers growing toward their goals.
Ask about your annual YOUTH events every April. We offer scholarships for high school seniors for Trade School and College. Ask about our Student Checking Account.
Other account features include:
- Special savings for young savers up to age 18
- Teaches kids the importance of saving money from an early age
- Competitive dividends on entire balance (paid quarterly)
- Two free withdrawals per month
- $10 minimum deposit to open ($5 Joining fee debited one time)
- Financial Literacy for Kids blog article
- Free e Statements
- Free Digital Banking
- No Monthly Service Fee
Click below or stop by a branch to open an account and give the gift of financial knowledge to the young person in your life.
Youth Savings Account Rates
| Balance | APY | Dividend Rate |
|---|---|---|
| Visit www.telcoe.com/rates. | ||
All deposit rates are variable and subject to change at any time.
★★★★★
"I have been doing business with Telcoe Credit for years. This institution
truly cares about their customers!
Tony Birk, along with the rest of the team go above, above and
beyond."
– Rex L., Little Rock, Arkansas
FAQs About Telcoe Federal Credit Union Youth Savings Accounts
What is the minimum balance requirement for the Youth Savings Account?
The Youth Savings Account requires a minimum balance of $5. This low balance requirement makes the account easy to manage and maintain.
Does Telcoe Federal Credit Union offer a mobile banking app for managing money?
Yes, we offer a mobile app for Android and Apple phones. You and your child can manage the account and track activities easily while you’re on-the-go.
Is there a monthly maintenance fee?
No, there is no monthly maintenance fee for this account. We designed it to be cost-effective for young savers.
How does opening a savings account for kids benefit my child as they reach their teen years?
Opening a savings account teaches your child valuable money management skills. These skills become even more crucial as your child reaches their teenage years.
What are the annual percentage yields (APYs) offered on the Youth Savings Account?
Click here to view our current rates. The account offers competitive dividends on the entire balance. We pay out quarterly and provide attractive APYs for young savers.
Why should I join Telcoe Federal Credit Union?
In addition to our competitive rates, attractive financial products, and personalized service, our members enjoy the following benefits:
- Low rates on loans
- Great savings rates
- Close personal assistance
- Free financial coaching
- Mobile banking
- Customer service-focused
- Multiple accounts available to help meet your financial needs
If you’re not yet a member, click here to learn more about the value you’ll get from joining our financial family!
Ready to Kick-Start Your Child’s Savings Education?