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
- At account opening, we’ll match the initial deposit dollar for dollar up to $25* – use promo code YOUTHSAVINGS
- 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!
First-Time Auto Buyers Program
Buying your first car is a huge milestone—and we’re here to celebrate it with you. Whether you’re just starting to build credit or haven’t started at all, our First-Time Auto Buyer Program gives you the support you need to drive forward with confidence.
Today’s Rates
|
Account |
Dividend |
APY* |
Opening Balance |
Compounded/Credited |
Average Daily Balances** |
|---|---|---|---|---|---|
|
*APY= Annual Percentage Yield. The advertised Annual Percentage Yield (APY) for the Youth Account is accurate as of 3/12/2026. ** Average Daily Balance required to earn dividends. The minimum balance required to earn the advertised APY is $100 and the minimum deposit required to open the account is $5. Rates may change after the account is opened, and fees may reduce the earnings on the account. For additional information, please see your Membership & Account Agreement or call us at 757-877-2444. |
|||||
|
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
*Use promo code YOUTHSAVINGS at the time of account opening. The account must remain in good standing for 90 days. If new account is closed within the first 90 days, there is a $15 early closing fee. 1st Advantage will match your initial deposit up to $25. Incentive will be deposited into the Youth Savings Account within 60-90 days of account opening. One incentive paid per new Youth Savings Account opened. This is a limited time offer and 1st Advantage reserves the right to cancel this promotion without notice. Contact 1st Advantage for additional details.
^$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.