Youth Savings Accounts
Earn 5% APY1 with a Youth Savings account!
Young savers who open an account with Florida Credit Union can look forward to grown-up returns with our limited-time 5% APY1 on balances up to $750! Florida Credit Union youth accounts are designed to help youth get off to a great financial start with a safe and rewarding place for funds to grow.
FCU Youth Savings Accounts also come with the following benefits:
Earn 5.00% APY1 for balances up to $750.
No minimum balance requirement.2
Parent can access account via online mobile banking.
Low balance alerts available3 for email and mobile.
No monthly maintenance fee.
Get a piggy bank (ages 0-9) at account opening.
Interest compounded quarterly; Dividend credited quarterly
Rates effective as of 4/29/2019 and subject to change at anytime
Ready to get your young saver started on the path to financial success?
Stop by your local office today and receive a free piggy bank when you open a youth account in the branch!
How can I teach my kids about savings?
All parents want their children to know the value of a dollar. Whether in high school or pre-school, instilling financial literacy now ensures that your child has a strong foundation for financial decision-making in the future. At Florida Credit Union, it’s about more than the perks and we’re interested in helping young savers grow more than just their money.
Take a look at the resources we’ve compiled on useful ways you can improve your child’s financial knowledge:
7 Lessons For Your Kids - Teach youth how to manage money with these important financial management principles.
Allowance as a Financial Tool - This resource provides a framework for giving an allowance that children can learn from.
The Mint - Discover financial education tips for parents, as well as resources for teaching children sound financial habits.
"Money as You Grow" campaign - Benefit from this collection of tools and activities designed to help children develop and measure their financial capability.
*IMPORTANT INFORMATION ABOUT THIS OFFER
1. Annual Percentage Yield (APY) is effective as of 5/1/2019 and subject to change at any time. Balances $750.01 and above will earn 0.10% APY. Dividends are compounded quarterly and credited to the account quarterly; fees may reduce earnings. $5 share savings account required for membership. Visit flcu.org for membership eligibility requirements. 2. $5 deposit required to open account online. No minimum balance required to keep account active. 3. Text or data rates may apply.