Kids need more than a place to save – they need an account that grows with them. Our Youth Savings account, designed especially for children under the age of 12, was created with their best interests at heart. Every deposit, goal, and milestone becomes a chance to learn and feel proud. It’s a simple way to turn birthday money and chore earnings into confidence, curiosity, and healthy money habits that can last.
Built To Grow With Your Child
Give your child a supportive place to start saving – one that’s designed to grow over time. Our Youth Savings account offers a special 4.00% APY1 on the first $500 for members under 18, with no opening or monthly maintenance fees.
As a joint owner, you’ll be right there to offer gentle guidance while they learn. And as your child gets older, the account seamlessly transitions to teen banking, so momentum (and good habits) continues without the need to start over.
Where Strong Money Habits Begin
Greenlight on us2! Greenlight is a trusted money app and debit card for kids and teens (issued by Community Federal Savings Bank, Member FDIC). It’s a fun, hands‑on way to help them learn how to earn, spend, and save wisely - while you set flexible controls and get real‑time alerts. With PSECU membership, your family gets a free Greenlight SELECT subscription when you connect a PSECU checking account as the funding source.
They Won’t Pay Maintenance Fees for Saving Their Money
Unlike other financial institutions, we have low minimum balance requirements when your child opens a new account. We don’t charge monthly maintenance fees, either. If your child maintains a $5 minimum balance, we’ll keep the account open, free of charge. You may have seen in your own experience how expensive banking fees can be over time. We want to nurture their savings instead of chipping away at them.
Their Banking Benefits Grow Right Along With Them
As your child grows, their financial needs will grow, too. Starting with a Youth Savings account builds a foundation that can support them through every new milestone. And when they’re ready for bigger steps – like a first car, college expenses, or even their first credit card – they’ll already be connected to us, a credit union that offers strong rates, helpful products, and guidance along the way.
Give Them the Support They Need – All in One Place
As your child learns to manage money now and as their needs grow over time, they’ll have tips, tools, and resources for all things finance through our resource center. It’s a one‑stop spot filled with guidance for every stage, from early saving skills to the bigger financial milestones they’ll reach down the road.
Ready to take the next step? Visit our Youth Savings account page to learn more and set your child up for financial confidence.
1APY 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.
2PSECU 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 6/27/2027. Offer subject to change and partner participation.