YOUTH FIRST PROGRAM
Start your child’s journey to financial independence with our high-yield Youth Account. Designed to motivate kids and teens, this account offers higher yields on lower balances, giving them a rewarding way to build the savings habit. It’s the perfect, secure environment for them to learn essential money management skills and watch their savings grow quickly.
Open a Youth Savings Account
Accounts for Every Age and Stage
Our Youth Program empowers kids and teens by providing the right financial tools at the right time. From first pennies to first paychecks, our accounts are perfectly tailored to match your child’s developmental stage, helping them confidently learn to save, spend, and earn.
EASY TO START
Open an account online or at a branch today!
AFFORDABLE SAVING
Save more with No Monthly Service Fees, No Minimum Balance, and a Competitive Dividend Rate.
PARENTAL CONTROL
Features Joint Ownership1, so you maintain control while modeling good financial habits.
FUTURE FOCUSED
Access to open a Coverdell Education Savings Account or a 529 Plan with our Wealth Advisor.
Early Savers (Ages 0-5)
Start building a secure financial foundation for your child from day one. This account is designed for parents and guardians to easily manage and grow their child’s savings, making it simple to introduce the concept of money early.
Key Benefits:
- Rewarding Milestones: Your child receives a fun gift when opening in a branch, plus annual Bulldog Bucks² on their birthday.
The account automatically upgrades to a Growing Savers account on the child’s 6th birthday.
Growing Savers (Ages 6–12)
This is the perfect age to transition from parent-managed saving to building hands-on financial skills. This account encourages responsibility and provides the tools for your child to actively manage their money, track progress, and learn the value of earning rewards.
Key Benefits:
- Smart Earning: Get rewarded for academic success! Earn $5 per B or higher on your report card, up to $20 per marking period, with our Good Grade Program⁴.
- Rewards: Your child receives annual Bulldog Bucks² on their birthday.
- Mobile Convenience: Easy deposits anytime, anywhere with Mobile Deposit³ access.
The account automatically upgrades to a Smart Savers account on the child’s 13th birthday.
Smart Savers (Ages 13-17)
This is the ultimate account for teens preparing for college, a first job, or life after high school. Smart Savers grants access to full banking features, combining a high-yield savings account with real-world spending power and valuable scholarship opportunities.
Key Benefits:
- Total Access: Full access to Online and Mobile Banking, including Mobile Deposit³ and paperless Online Statements.
- Advanced Features: Set up recurring income easily with Direct Deposit.
- Free Checking: Eligible to open a companion Smart Spenders Checking Account —for free!
- Smart Earning: Get rewarded for academic success! Earn $5 per B or higher on your report card, up to $20 per marking period, with our Good Grade Program⁴.
- Scholarship Opportunity: Eligible for the annual Youth First Scholarship in their senior year of high school.
More ways to help secure a better future for your kids.
YOUTH ACCOUNT FAQs
When a minor turns 18, their accounts will convert into a Smart Saver account and a standard checking account. Parents or guardians can remain a joint owner on the savings and checking account, or you can choose to remove yourself from your teen’s accounts once they reach the age of 18.
To sign up for direct deposit please contact your employer or payment provider for details. Simply provide the following People First Routing/Transit Number – 231379115 and your credit union account number.
No, but to benefit from other services like our Visa® Debit Card and Bill Payer, it would be beneficial to you. Plus, our checking account is FREE, and there is no minimum balance requirement.
No, your child can only have one Early Savers, Growing Savers, or Smart Savers account per child.
Disclosures
1To be eligible for an Early Savers, Growing Savers, or Smart Savers Youth Savings account, the primary account owner must be under the age of 18. Limit one account per primary owner’s Social Security Number (SSN). Accounts for members younger than 18 require a parent or guardian as a joint owner of the account. The minor’s Social Security Number (SSN) must be provided at account opening, as well as their birth certificate or a valid government-issued photo ID.
2Youth account holders with an Early Savers or Growing Savers Youth Savings account will receive a $5 bonus deposit on their birthday each year. The bonus will be deposited into the account by the end of the birth month up to the child’s 12th birthday. To be eligible, the account must be open and in good standing at the time of their birthday. Only one birthday bonus is awarded per account holder each year. An average balance of $100 or more in the account is required to receive the bonus.
3Mobile Deposit eligibility requires the account to be in good standing and meet all other eligibility requirements.
4The Good Grade Program is available to members with a Growing Savers or Smart Savers account in grades 1–12. Students earn $5 per B or higher in core subjects, up to a maximum of $20 per marking period (September–June). Report cards must be submitted in-branch within 30 days of the issue date. Full program rules apply.