Teach kids about finance as they watch their money grow.
We Make It Easy For You To Earn More So You Can Save More |
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5.87% RATE* |
6.00% APR* |
Starting a Kids Savings account for a child is about more than just saving a few dollars. It’s a starting point for critical life lessons about money and how to manage it for a successful financial life.
Features of Youth Savings Accounts
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Best rate in town
A Call Federal youth savings account can earn up to a 6% yield on the first $1,000*.
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No service fees
$0 monthly service or maintenance fees
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Free financial education
Tailored to early learners and savers
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$5 to open
Only $5 to open an account and establish credit union membership
Kids need to understand personal finance.
As grown-ups, we owe it to younger generations to teach them about money and finance. Get a head start in your child’s development of strong money management skills, and lay the building blocks to a bright financial future.
Call Federal is committed to teaching young people about money and finance.
What makes Youth Savings an exceptional option for young savers
As grown-ups, we owe it to younger generations to teach them about money and finance. Get a head start in your child’s development of strong money management skills, and lay the building blocks to a bright financial future.
Hands-on experience with savings using our Online Banking and FREE financial education called Money & Beyond Jr. which is tailored to meet your needs to support your early saver in this new adventure.
- We will make the first deposit into your Kid’s Savings Account.2
- The ultimate digital banking experience, whether from your desktop or smart phone.
- Receive wise advice and overwhelming kindness from the Call Federal Credit Union Team.
★★★★★
“I started teaching my son about money by paying him nickels for household duties. Now he gets excited to review his Call Federal Kids Savings account statement and watch his money grow with little effort.”
Michael H.
Call Federal Credit Union Member
Yes, all minor accounts require joint ownership with a parent or legal guardian
Our youth accounts are for ages 0-17, it’s never too early to save and become a member of the credit union.
No, while school ID and state ID’s are a great bonus, we only require a Social Security card on file to establish an account for minors under the age of 13.
Youth Accounts can be established by parents or legal guardians. However, grandparents can take advantage another great option to help their grandchildren on their pathway to savings. Our Virginia Uniform Transfer to Minors Act (VUTMA) is an account for parents, legal guardians, or grandparents to nest away a financial gift for their loved one. The custodian over the account can decide the right age of 18, 21, or 25 to gift the account to their child or grandchild. Call or visit a branch today to learn more about our VUTMA account or open their custodial account today.
Yes, your child will have access to their account with a FREE instant issued ATM card
Great question! Within the first months of your child turning 18, their youth account will be transferred into their 01 savings account to retain their credit union membership. But don’t worry, at age 17 we will let you know of all the new added features and benefits on the next stages of their financial life.
Opening an account is easy!
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Open a Kids Savings Account
and give your child an advantage for their future!
* APY = Annual Percentage Yield. 5.87% Dividend Rate to 6.00% APY applies to balances $1,000.00 and below. 5.88% Dividend Rate to 5.99% APY applies to balances between $1,000.01 to $1,044.68. .25% Dividend Rate to 0.25% APY applies to balances $1,044.69 or greater. You must be 17 years old or younger to open with an adult joint owner and meet membership eligibility requirements. Account disclosures will be provided at account opening or upon request. The account balance will be automatically transferred to a Primary Share Savings account during the calendar quarter following your 18th birthday. Click here to view our rates.
Launch Your Child's Financial Future Today!
Call Us
Our member service team is ready to answer your questions about saving with Call Federal.
Visit a Branch
You can open a youth savings account at any of our six convenient branch locations.
