Youth Accounts
A Kid-Friendly Recipe to Smart Saving
According to Investopedia, teaching children about money and financial literacy helps them develop healthy, lifelong financial habits. To help with getting started, you can follow this easy recipe:
- Open a new Youth Savings and enjoy matching $25 deposit.1
- Open an Educational Growth certificate and start earning 3.75% APY.2
Prepare your child for a bright financial future today!
1 - New Youth Savings Account for age 17 & under must be opened by April 30, 2026 in order to be eligible for the $25 matching deposit. CU of Ohio matching deposit will be made within 30 days of account opening. Matching deposit is limited to $25 per child. Matching deposit will be reported under the minor’s social security number for tax purposes. Receiving $600 or more in a year will be reported on IRS Form 1099-MISC. This promotion is subject to change and may end at any time.
2 - APY = Annual Percentage Yield. Dividends compound monthly. There is a penalty for early withdrawal. This account is not renewable upon maturity. All proceeds from this account are reported under the minor's social security for tax purposes.
Youth Savings Account
For members 17 and under, this account is a great first step in learning the importance building smart money.
- Save for your child's future.
- Encourage learning to save early on.
Educational Growth Certificate
This certificate of deposit is designed to help our young members develop smart financial habits.
- Make deposits at any time.
- No limitation on how funds can be used.
- Matures on 18th birthday.
Birthday Cards
Every year kids ages 5-17 get a special birthday card to celebrate their growth and encourage saving.
- Birthday cards can be turned in to any branch for a $5 match to a child's savings account.
Checking Accounts & Debit Cards
Opening a checking account for your child is an important step toward teaching financial responsibility. For tweens and teens, having their own account helps them learn how to manage money, track spending, and make smart financial decisions.
Account Features
- Mobile Banking with Text Alerts for updates on your child's account.
- Set up custom Visa Purchase Alerts to track spending.
- No Minimum Balance Requirement.
Your savings are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.
Additional Insurance of up to $250,000 on your savings accounts is provided by Excess Share Insurance Corporation, a licensed insurance company.