Youth Savings Accounts
Set the foundation for your child’s financial future with a PSECU Youth Savings account. Designed for kids ages 12 and under, this account helps them grow their savings early with a special youth rate.
PSECU Youth Account Perks
4.00% * APY
Kickstart your child’s savings with a special youth savings rate on account balances up to $500 for children under age 18.
Teach Financial Wellness
We have financial tools, tips, and resources to help your child understand basic money skills of everyday life like banking, budgeting, and investing.
Trusted Financial Partner
Access to great PSECU products and services that grow with your child to help them achieve more at every stage of life.
Greenlight is totally on us**!
Greenlight is a trusted banking app and debit card (issued by Community Federal Savings Bank, Member FDIC) for kids and teens. The Greenlight app is a cool, hands-on way to teach kids how to earn, spend, and save wisely – and parents and guardians will love to use it too. Parents set flexible controls and get real-time notifications of their kids’ money activity.
Free** subscription for the whole family with PSECU membership.
Greenlight is a financial technology company, not a bank. The Greenlight app facilitates banking services through Community Federal Savings Bank (CFSB), Member FDIC.
**PSECU members are eligible for the Greenlight SELECT plan at no cost when they connect their NCUA-insured PSECU checking account as the Greenlight funding source for the entirety of the promotion. PSECU debit cards are not eligible for this promotion. Subject to minimum balance requirements and identity verification. Upgrades will result in additional fees. Upon termination of promotion, customers will be responsible for associated monthly fees. See terms for details. Offer ends 7/30/2025. Offer subject to change and partner participation.
A Savings Account That Grows with Your Kid
They may not be balancing a budget just yet, but this is where good habits begin. Our Youth Savings account is designed for kids through age 12, but it’s built to last beyond that. You only need to open it once, and as your child grows, so does the account.
At age 13, it automatically transitions to a Teen Banking account, giving them more independence while keeping their special youth savings rate until they’re 18. And when they’re ready, they can add checking, go digital, and use this account for whatever’s next - from direct depositing their first paycheck to managing their finances for college.
A Youth Savings account is the perfect place to start saving birthday money, allowance, or coins they find, it all adds up!
Youth Savings Account
(Ages 0-12)
Features and Benefits:
- Special Youth Savings Rate - Children under age 18 qualify for a 4.00% Annual Percentage Yield (APY)* on savings account balances of up to $500.
- No Monthly Fees - With no opening or monthly maintenance fees, your child’s savings stay intact as they build their financial future.
- Gentle Guidance - A parent or guardian is required to be a joint owner on this account to help guide the child and teach them the value of saving.
Youth Savings (Ages 0-12)
Features and Benefits:
- Special youth savings rate - Children under age 18 qualify for a 4.00%* Annual Percentage Yield (APY) on savings account balances of up to $500.
- No monthly fees - With no opening or monthly maintenance fees, your child’s savings stay intact as they build their financial future.
- Gentle guidance - A parent or guardian is required to be a joint owner on this account to help guide the child and teach them the value of saving.
To Earn the Youth Bonus
During the month of April (4/1/25 – 4/30/25), we’ll match the first deposit of up to $25*** when you open a new Youth Savings account, add funds by April 30, 2025, and meet promo requirements:
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Open a youth savings account with a youth, age 0-12, between 4.1.25 to 4.30.25 using promo code YOUTH.
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PSECU will match the initial deposit made to the Regular savings share up to $25 within 45 days after the requirements are satisfied.
Note: This does not include the initial $5.00 funding to open the account. The match will be made based on only the first deposit after account opening to the Regular savings share.
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Limit one (1) new youth savings account bonus per Youth primary owner tax identification number used to open a new PSECU youth savings account.
Teen Banking (Ages 13-17)
Features and Benefits:
- Special youth savings rate - Children under age 18 qualify for a 4.00%* Annual Percentage Yield (APY) on savings account balances of up to $500.
- PSECU debit card - Both the youth and joint owner(s) are eligible for a PSECU debit card in their own names.
- Independent access - Teens will have the freedom to manage their accounts, such as making deposits (if enrolled in checking), transferring funds, and more through digital banking. While they enjoy this autonomy, parents have a watchful eye as joint owners, helping guide and teach them responsible money management skills every step of the way.
To Earn the Teen Bonus
New teen members who open a Teen Banking account can earn $100**** cash bonus when they complete the following within 60 days of establishing membership and meet promo requirements:
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Open a Teen Banking account with a Checking Account and debit card using promo code TEEN.
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Sign up and log into digital banking (online or mobile).
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Make five qualifying transactions – transfers, deposits, and debit card purchases.
Custodial Account Option
Parents, guardians, grandparents, or other family members can make an irrevocable financial gift by opening a custodial savings account on behalf of a child. These accounts stay open until the child turns 21, providing a long-term gift that grows with them.
How Can I Make Recurring Deposits into My Child’s Account ?
To make regular recurring deposits, you must be one of the following on the child’s account: primary owner, joint owner, or the custodian.
You’ll need to take two separate actions to make automatic deposits using our transfer service. First you need to link the two accounts, then you need to set up recurring transfers. The steps are slightly different between online banking and mobile banking. The instructions are organized to show how to complete the linking and recurring transfers steps for each platform.
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Linking Accounts
- Log into online banking from the account you are the owner of and where the recurring transfer will originate from.
- Select Transfers from the top menu.
- Select Transfer List on the right side.
- Select Link Your PSECU Account on the right side.
- Complete the fields for the username of the account you want to transfer to.
- Select Link Accounts on the right side. A success screen will display.
Setting Up Recurring Transfers
- Log into online banking from the account you are the owner of and where the recurring transfer will originate from.
- Select Transfers from the top menu.
- Select Transfer From and select the account the transfer will originate from.
- A new field will be displayed that will give you access to a secondary drop-down menu. Click on the chevron to select the destination share of the linked account.
- Follow the prompts to amount, frequency, start date, and end date, (optional).
- After you’re satisfied with these details, select Confirm to complete the set up.
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Linking Accounts
- Log into mobile banking from the account you are the owner of and where the recurring transfer will originate from.
- Select Transfers from the bottom of the screen.
- Select Transfer List.
- Select Link Your PSECU Account.
- Enter the username of the account you want to transfer to and select Next.
- Enter the password of the account you want to transfer to and select Link Accounts.
- A success screen will display.
Setting Up Recurring Transfers
- Log into online banking from the account you are the owner of and where the recurring transfer will originate from.
- Select Transfers from the bottom of the screen.
- Select New Transfer.
- Select Transfer List.
- Tap the radio button for the share the money should be withdrawn from.
- Tap the down arrow to the right of the linked account and select the linked account share to transfer the money to.
- Enter the transfer amount, then Next.
- On the following screen, toggle the Schedule Detail switch to select the transfer’s frequency, start date, and end date (optional).
- Selecting Next will schedule the transfer. A success screen will display.
Achieve More with PSECU
More gimmes + less gotchas = modern digital banking. Become a member today, and let your money live in the 21st century.
*APY denotes Annual Percentage Yield. To be eligible for the Youth Savings rate, the primary account owner must be under the age of 18. All eligible Youth Savings Share accounts earn 4.00% APY for balances of $.01 to $500.00. For balances of $500.01 and over, the Regular Savings Share APY will apply. Rates and information are subject to change at any time. Fees could reduce earnings on the account(s). The disclosed dividend rates are variable and may change after the member opens the account(s). Find our current dividend rates at psecu.com/rates. PSECU requires a $5 minimum balance to open and maintain a Regular share account. This $5 share account deposit is also required to be eligible to receive the Youth Savings rate, and the member must be in good standing as defined by PSECU's Bylaws, Article II, Section I. PSECU will make a $5 minimum share purchase on behalf of the member.