Youth Accounts
Youth Savings Account
Teach your child good financial habits from the start. A Youth Savings account can help establish healthy money management habits and is a wonderful way to invest in your children’s future.
Youth Savings Account
Teach your child good financial habits from the start. A Youth Savings account can help establish healthy money management habits and is a wonderful way to invest in your children’s future.
Benefits of opening a Youth Savings Account
- Establishes smart money management habits
- Installs financial responsibilities
- Creates smart spending techniques
- Encourages goal setting
About our Youth Savings account
- Available to members between the ages 0-17
- It is a free savings account in the name of a child with a parent or guardian as the joint owner
- Pays a high interest rate on the first $500
Product Features
- One-time opening deposit of $5 to maintain membership
- High rate of interest is earned on balances $5-$500. Balances above the $500 will earn the standard rate of interest for a Primary Savings Account
- At age 18, the account will switch to a Primary Savings Account
- Dividends compound and pay monthly
- Access to Online and Mobile Banking
- Access to Love My Credit Union Rewards
Teen Checking Account
Our Youth Checking Account helps establish healthy money management skills with a free debit card.
Available for ages 13-17
Why open a checking account for your child?
There are many benefits of a checking account for your child, checking accounts teaches children the value of money management by providing a hands-on experience. It’s a great tool for parents to manage allowances and for children kickstarting their financial earnings with summer jobs and internships.
Benefits of opening a checking account:
- Establishes a financial path, allowing both children and parents to monitor spending habits so they can visibly see their money grow and shrink. This teaches children about healthy spending and financial planning
- Creating a checking account can help children understand the differences between spending and saving. Helping them better prepare for real world expenses in the future
- A River City FCU Youth Checking account provides access to online & mobile banking, allowing your child to keep tracking of their financial spending in real time, wherever they go
About our Teen Checking Accounts:
- Available to members between the ages of 13-17
- Must provide a valid photo ID (Passport, Driver License, Military ID or student ID)
- Proof of mailing/ physical address
- Valid email and phone number
Product Features
- Fee free checking account with no hassle
- Parents have the option to monitor to their child’s checking account
- Access to Online and Mobile Banking
- Access to Love My Credit Union Rewards