Youth Accounts
Promote healthy money habits early It’s your Advantage
Help Your Child Take Control of Their Finances
Our Youth Spend & Savings Accounts allow you to teach your child the responsibilities of managing money that will pay off as they grow into adulthood.
Parental Controls
As the parent or legal guardian, you’re the joint account holder which means you can set daily debit card limits, receive account alerts, and monitor their spending activity.
No Fees
Enjoy the peace of mind knowing your child will not be charged monthly service fees or overdraft fees.
Early Direct Deposit
Teach your teen the responsibility of budgeting their paycheck sooner rather than later with our Early Pay perk.
Youth Savings Account
- Available to members 17 years of age and younger
- Ideal account for birthday money and income earned from part-time jobs
- Combine with the Youth Spend Account to practice daily money management
Youth Spend Account
- Available to members 17 years of age and younger
- Requires a Savings Account with $5 minimum deposit
- Includes a Debit Mastercard*
- Early Direct Deposit with Early Pay*
- At age 13, parents can grant their child access to our free Digital Banking tools
Junior Advantage Savers Program
Open a Youth Spend or Youth Savings account and kickstart your savings journey with us!
Receive a set of stackable piggy banks to help you easily separate your funds into Save, Spend, and Share categories.
Here’s how it works:
- Get a Punch Card: At account opening, you’ll receive a punch card. Each time you visit a branch to make a deposit, you’ll earn a punch and get to choose a prize from our prize box!
- Fill Your Punch Card: Once your card is full, you’ll receive a bigger prize and a new punch card!
- Report Card Rewards: Bring in your report card each quarter for a chance to earn $10^ deposited directly into your account!
Today’s Rates
|
Account |
Dividend |
APY* |
Opening Balance |
Compounded/Credited |
Average Daily Balances** |
|---|---|---|---|---|---|
|
*APY = Annual Percentage Yield |
|||||
|
Account Youth Spend |
Dividend 0.05% |
APY* 0.05% |
Opening Balance $5.00 |
Compounded/Credited Quarterly |
Average Daily Balances** $100 |
|
Account Youth Savings |
Dividend 0.05% |
APY* 0.05% |
Opening Balance $5.00 |
Compounded/Credited Quarterly |
Average Daily Balances** $100 |
Stories that Empower & Inspire
Explore our resources on financial wellness and how to manage money the smart way.
Teach Financial Literacy at Home
Teaching Kids to Use Debit and Credit Cards
The Importance of Credit History & Successful Savings
Ready to Open a Youth Account?
Disclosures
^$10 cash reward for report cards are given to members with As & Bs or Ss & Ps. Interim reports do not qualify. Max reward is $40 per year. 1st Advantage reserves the right to cancel this promotion at any time. Contact 1st Advantage for details.