Youth Savings
Teach your children healthy savings habits
With an SCCU Youth Savings account, children develop healthy savings habits and gain money-management experience with your guidance. This free account earns dividends and offers convenience, like mobile check deposit and online account transfers.
Product Features
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Youth Can Have Funds Deposited on Their Behalf
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Converts to a Regular Savings at Age 18
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Free Online Banking & Mobile Banking60
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Free Mobile Deposit29
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Account Alerts to Monitor Activity
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Schedule Auto Transfers to Make Saving Easy
- Free CALL-24 telephone banking
- Free Statements
| Minimum opening deposit |
$5 |
|---|---|
| Transaction limit |
None |
| Earns interest |
Yes |
| Minimum daily balance |
None |
| Monthly low balance fee |
None |
| Monthly service fee |
None |
| Requires an adult joint account holder |
Yes |
| Balance | Dividend Rate | APY^ |
|---|---|---|
| $0 - $499.99 | 0.04% | 0.04% |
| $500 - $99,999.99 | 0.04% | 0.04% |
| $100,000 and over | 0.04% | 0.04% |
^APY = Annual Percentage Yield.
Minimum average daily balance required for some accounts. Rates are accurate as of the effective date displayed, and they are subject to change. The APY (Annual Percentage Yield) is a percentage rate that reflects the total amount of interest paid on the account, based on the interest rate and the frequency of compounding for a 365-day period. Fees may reduce earnings on the account.