Start Your Child's Financial Journey with Credit Union Youth Account

Starting your child's financial journey is a significant milestone, and a credit union youth account is an excellent way to begin. These accounts are designed specifically for kids and teens, teaching them the value of saving and responsible money management.

Credit union youth accounts often come with low or no fees, making them a great option for families on a budget. Some credit unions even offer special perks, such as higher interest rates or rewards programs, to encourage kids to save.

By opening a credit union youth account, you can help your child develop good financial habits from a young age. This can include setting up automatic transfers from their account to a savings account, teaching them how to make smart financial decisions, and modeling responsible money management yourself.

You can start helping your child learn money management skills with a youth savings account where they can watch their money grow.

Navy Federal offers a suite of products available to young members, with options that will grow along with them and their finances.

It's never too early to start teaching your child about money management.

You can teach your child how to monitor account balances in real time using online tools, making it easier for them to stay on top of their finances.

Online banking is a great way to introduce kids to the world of personal finance, and Navy Federal's online tools make it easy to get started.

With Navy Federal, you can find a suite of products that cater to children's financial needs, including options that will grow along with them as they develop their financial skills.

Having a youth account for your child can be a great way to teach them about financial planning and decision-making, and one of the conditions for opening a youth account is that there is no initial deposit requirement to open this account.

The APY, or Annual Percentage Yield, on a youth account can vary, but it's effective as of 1/3/2025 and is subject to change after the account is opened.

One of the benefits of opening a youth account is that you can teach your child how to monitor account balances in real time using online banking tools.

There are also no minimum balance requirements for these accounts, so your child can start learning about finances right away.

If you're opening a youth account with a $50 deposit by December 31, 2024, your child will also get a FREE plush Snoopy and great banking benefits, including a 5.00% APY on the first $500 of their Youth Savings Account balance.

Here are some of the benefits of a youth account:

And, if your child is heading off to college, they'll have access to more than 30,000 fee-free ATMs nationwide, making it easy for them to manage their finances on campus.

Our prepaid card is a great way to help students make the switch from paper to plastic responsibly. It's a reloadable card that allows parents to set spending limits and manage account activity.

With our prepaid card, parents can reinforce the importance of smart spending by monitoring their child's account activity. This helps kids develop good financial habits from a young age.

The prepaid card is a convenient option for students who want to make purchases without carrying cash. It's also a great way to teach kids about budgeting and responsible spending.

With 24/7 online banking access to your child's account, you can see balances, view transaction history and make account-to-account transfers. This feature allows you to stay on top of your child's financial activity at any time.

You can turn your child's card on and off, restrict transactions, or set transaction alerts to manage their account activity. This level of control helps you teach your child responsible spending habits.

Our online banking system allows you to view balances in real time, making it easier to track your child's spending and saving habits. This feature is especially useful for teaching your child how to monitor their account balances.

As your child grows, you can continue to have free and secure access to online banking, making it easy to stay involved in their financial decisions.

With Early Pay, your child can get their paycheck up to 2 days early. This feature is a game-changer for kids who are eager to get their hands on their hard-earned cash.

Your teen can learn the power of cash back by earning 1% cash back on their everyday purchases. This is a great way to teach them the value of earning money on their own spending.

Earning 1% cash back can add up over time, making it a valuable lesson in personal finance. It's also a great way to encourage your teen to make smart spending decisions.

Earning dividends is another way to motivate kids to save more, as they see their money earn interest. This can help them understand the importance of saving and investing for the future.

Earning dividends is a great way to teach kids the value of saving. Kids can earn dividends on their savings, motivating them to save more.

With a shared account, you can see your child's account balances and transaction history online at any time. This means you can keep an eye on their spending and make sure they're making smart financial decisions.

The idea of earning dividends can be a powerful motivator for kids to save more. It's a tangible way for them to see their money grow over time.

By setting up a shared account with online banking access, you can make it easy to manage your child's finances together. This includes making account-to-account transfers and even turning their card on and off.

If you're looking for a fun way to encourage your kids to start saving, Wescom's got a great deal. They're offering a free plush Snoopy with the opening of a new Youth Banking or Youth Banking Plus Account.

To qualify, you'll need to open the account with a $50 deposit by December 31, 2024. This is a great opportunity to teach your kids the value of saving and setting financial goals.

Here are the details of the free plush Snoopy offer:

With a Youth Banking or Youth Banking Plus Account, your kids will also get access to great banking benefits.

Financial education is a vital part of helping your child develop good money habits. It's never too early to start teaching your child about finances, as creating smart money habits starts young.

You can start by opening a Minor Membership Account for your child, perfect for young savers who will be members for life. This account is available for existing members and parents, grandparents, or guardians to share with their minor.

Set savings goals with your child and discuss the best ways to achieve them. For example, if your child wants a new toy, help them calculate how long it will take to save up enough allowance to make the purchase.

As your child's savings grow, start instilling responsible consumer behavior. Teach them to avoid impulse buying and compare items based on price and quality.

Here are some steps to help you get started:

Online banking tools can be a fun and interactive way to teach your child about money management. Showing them how to use online banking at an early age will help them develop skills that will last a lifetime.

With 24/7 online banking access, you can keep a close eye on your child's account balance at any time.

You can view your child's transaction history to see where their money is going.

This feature is especially helpful if you want to monitor your child's spending habits.

Online banking also allows you to make account-to-account transfers, so you can easily move money between accounts.

You can turn your child's card on and off with just a few clicks, giving you peace of mind when they're not using it.

Restricting transactions is another useful feature, allowing you to limit where your child can spend their money.

Setting up transaction alerts ensures you're always informed about what's happening with your child's account.

Team Pelican is a youth savings program designed for kids 17 and under. It's a great way to teach kids the importance of saving from an early age.

To open a Team Pelican account, the adult joint account holder must provide an unexpired government-issued ID and two forms of identification for the minor, including a Social Security card, birth certificate, or unexpired government-issued ID.

The program rewards kids with up to $5 per A on their semester-end report cards. This is a great motivator for kids to work hard and earn good grades.

Here are the details on how the rewards work:

The rewards are automatically converted to a regular savings account on the child's 18th birthday. This is a great way to help kids transition to independent saving as they enter adulthood.

Report cards must list the account holder's name, school name, and date or year to qualify for rewards. Only the student's most recent semester-end report card will be accepted, and report cards are accepted for either of the major semesters or terms.