Usaver Account
Available for little ones—even newborns—and can grow with them as they get older. It’s a simple way to teach good saving habits early and give them a head start for the future.
- Available for kids 0-17 years old
- Open with as little as $5
- Interest-bearing account
- Moonjar available to help kids learn how to budget for spending, saving and giving
- Must be opened by parent, guardian or grandparent
- UTMA accounts available
- Access to free Banzai Junior Financial Literacy Lessons
Usaver Teen Checking Account
Preparing your teen for their future is probably one of the most important things you will do for them. Teens who learn how to be responsible with their money today are more likely to make good financial decisions tomorrow.
- Checking account available for teens 14+
- Debit cards help your teen learn how to spend wisely
- No minimum or maximum balance (No monthly fees either!)
- With a parent or guardian connected to the account, it's easy to transfer funds to your teen
- Use mobile or online banking to teach them how to track and manage their spending (card controls are available too)
- Access to free Banzai Teen Financial Literacy Lessons
- Scholarships available for high school students
Usaver Certificates
Set your child up for financial success with a Usaver Certificate! When kids put savings into certificates, they will learn how to use savings to invest in their own financial growth. This product is great for young savers, and offers a fixed rate and the ability to make additional deposits over time.
- 12 month certificate for kids 0-17 years old
- Open with just $100 minimum deposit and add more money to their certificate during the term to earn more
- Fixed rate is higher than a regular savings account for the term of the certificate
*** APY - Annual Percentage Yield. Valid for youth ages 0-18. Term Share Certificate must be in youth's name. Early withdrawal penalty will apply. Additional deposits can be made at anytime throughout the term. $100 minimum to open with a maximum amount of $5,000. Dividend rate is 2.00% APY for youth 0-12 and 3.00% APY for teens 13-17. Term for Usaver certificate is 12 months. Federally insured by the NCUA.
Open a Usaver Account
You will need the following to open a Usaver account:
- Your child's Social Security number and Birth Certificate as proof of identity. If your child has a state-issued permit or driver's license, that will serve as a form of identification instead of a birth certificate.
- Your ID (Driver's License/State-issued ID Card/Passport)
- Teens 14 or older may open a checking account
