Back to School Special Offer
For A Limited Time, We’ll Deposit Your First $50¹
From Lunch Money to Lifelong Goals
Start your child’s financial journey with one of the best youth savings accounts in RVA – and get rewarded for it!
Open a Youth Savings Account & Receive:
Beginning August 22, each of our nine locations will offer a limited number of Smart Saver Gift Bags, along with a $50 deposit for every new youth account opened.
A Smart Saver Gift Bag
An exclusive selection of Call Federal gifts.
$50 Deposit¹
For a limited time, we’re turbo-charging your child’s savings from day one.
6.00% APY²
We proudly offer one of the highest youth savings rates in the Richmond Region!
Opportunity Starts Friday, August 22 – while supplies last!
5 Star Review
★★★★★
Matilda W.Call Federal clearly understands the importance of family and community. The entire Call Federal Team consistently makes me feel valued and welcomed.
How It Works
Visit Any Call Federal Branch
The friendly teams at any of our nine locations will be happy to help you open the account.
Open A New Youth Membership
Parent (or legal guardian) must be present and listed on the account.
Receive Your Rewards
Walk away with our Smart Saver Gift pack & the $50 deposit – but don’t wait, supplies are limited!
Set your child up for success—financially and beyond.
Visit your nearest Call Federal branch starting August 22!
Frequently Asked Questions
Here’s what you’ll need to bring to open the account:
- Your ID (parent or legal guardian)
- Your child’s Social Security card
- Optional: School student ID or DMV-issued ID for the child
We’re here to help make the process simple and easy. Contact us if you have any questions!
Youth accounts can only be established by parents or legal guardians. However, grandparents have a fantastic alternative to help their grandchildren save for the future: the Virginia Uniform Transfer to Minors Act (VUTMA) account.
With a VUTMA account:
- Who can open it? Parents, legal guardians, or grandparents.
- Flexible Gifting Age: The custodian decides when the funds are gifted—at age 18, 21, or 25.
- Pathway to Savings: A great way to support your grandchild’s financial future.
Call or visit a branch today to learn more about our VUTMA accounts and how you can open a custodial account for your grandchild!
Yes, our Youth Accounts are available for children and teens aged 0 to 17. It’s never too early to start saving and become a member of the credit union!
If you’d like to open an account or learn more, contact us today—we’re here to help your child get started on their financial journey.
Got more questions? Check out our full FAQ page or complete the form below!
Who’s Eligible?
Children & Teens
From birth to age 17.
First-Time Call Federal Member
To qualify, a child must be joining Call Federal Credit Union for the first time, in any capacity.
In-Branch Only
A parent (or legal guardian) must be present at any of our branch locations to complete the youth account opening process and earn the rewards.
Rates
|
Average Daily Balance |
Dividend Rate |
APY¹ |
|---|---|---|
|
¹APY= Annual Percentage Yield. Rate may change after an account is opened. Must be 17 years old or younger to open with a parent or legal guardian. The account balance will automatically be transferred to a Primary Savings Account during the calendar quarter following their 18th birthday. Last Dividend Declaration Date for Youth Savings: December 16, 2025. |
||
|
Average Daily Balance $0.01 – $1,000.00 |
Dividend Rate 5.87% |
APY¹ 6.00% |
|
Average Daily Balance $1,000.01 – $1,044.68 |
Dividend Rate 5.87% |
APY¹ 5.88% to 5.99% |
|
Average Daily Balance $1,044.69 or greater |
Dividend Rate 0.25% |
APY¹ 0.25% |
Questions Regarding Youth Accounts?
Parents or Guardians, please complete the form below to help us better understand how we can serve your child and family.
"*" indicates required fields
Open a Youth Account at Call Federal today
We’re here to help you and yours with the important first steps toward financial empowerment.
Disclosures
-
¹Offer valid while supplies last at each branch. Offer only available in Call Federal Credit Union branches. Limit one (1) Smart Savings Gift per eligible member. A minimum deposit of $5 is required to establish a savings account with the credit union. It must remain in the account for 90 days. Member must be 17 years old and younger and open a new Call Federal Youth Account in-branch with a parent or legal guardian present as custodian to be joint on the account. You must also present the minor’s social security card. Offer applies to first-time Youth accounts only. The $50 deposit will be made into the Youth Savings account at the time of account opening. No substitutions. Either the adult Custodian, the youth, or both must qualify for membership. Existing Call Federal employees and Board Members’ children are not eligible. Call Federal Credit Union reserves the right to end or modify this offer at any time without notice. ²APY= Annual Percentage Yield. Last Dividend Declaration Date for Youth Savings: June 25, 2025. Rates are subject to change without notice. Dividends are compounded quarterly. Eligible for APY with $0.01-$1,000.00 average daily balance. A minimum deposit of $5 is required to establish a savings account with the credit union. Fees could reduce the earnings on the account. The account balance will automatically be transferred to a Primary Savings Account during the calendar quarter following their 18th birthday. Insured by NCUA.