Youth Savings

As parents, we do our best to build a solid foundation for our children to develop and grow. With high-yield youth savings at Call Federal, you and your child can watch their money snowball with the magic of compounding interest. Get a head start in your child’s development of strong money management skills, and lay the building blocks to a bright financial future.

Want to take your child’s financial development to the next level? Our Money & Beyond Jr. program is a fun and interactive way to engage your child in learning essential financial skills to help their growing journey.


  • Get the best rate in town! A Call Federal youth savings account can earn up to a 6% yield on the first $1,000*
  • Only $5 to open account and establish credit union membership
  • $0 monthly service or maintenance fees
  • Online and mobile banking
  • FREE financial education tailored to early learners and savers

Ready To Get Started?

Account opening is easy! Parents or legal guardians, you can visit one of our seven local branches to get started. Bring in your ID with your child’s Social Security card and our branch staff can help you and your little one.

Youth Account FAQ’s

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.

Children must be under 18 to open a Youth Savings account, be accompanied by a parent or legal guardian as a joint-account owner, and provide identifying documents for membership eligibility. The account balance will be automatically transferred to a Primary Share Savings account during the calendar quarter following the child’s 18th birthday.
*High yield is for the first $1,000 to be determined by the Board of Directors quarterly. Balances over $1,000 continue to earn the regular share savings rates. Click here to view our current rates.


Launch Your Child's Financial Future Today!

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Call Us

Our member service team is ready to answer your questions about saving with Call Federal.

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Visit a Branch

You can open a youth savings account at any of our six convenient branch locations.

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Family Discounts

View our member discounts including amusement park tickets.