Youth Accounts
Where little savings grow big.
GREAT BEGINNINGS FOR LONG-TERM SUCCESS
At Patriot Federal Credit Union, we help young people take charge of their financial futures with tailored savings options and dedicated money management tools.
Patriot Pals Custodial Account
A deposit of just $5 can set your child up for a lifetime of savings success.
Regular Savings
A credit union youth account to help your All-Star teen manage their savings.
Regular Checking
Ready to start earning? Then you’re ready for your own checking account.
Continuous Saver Certificate
Give the gift of time. Invest now and let your child reap the benefits.
LET US HELP YOU BUILD A BETTER FUTURE
Patriot Pals Custodial Account
Sign up for a Custodial Account Savings and help little ones learn about money while having fun.
All it takes is $5.00 to open an account, and your child will receive exciting benefits, including becoming a member of the Patriot Pals Club.
- Parents, guardians, grandparents, aunts, or uncles can open a savings account.
- The account custodian is the only one who can make deposits and withdrawals
- Your child receives Passport Booklet stamps for every $5 minimum deposit
- Receive a personal birthday card every year
Let your child experience the excitement of watching their savings grow. Open a Patriot Pals Account today.
13 years old or older? Open onlineUnder 13 years old? Find a branch
Regular Savings and Checking accounts for Patriot All-Star Teens
Get your All-Star Teen, aged 13-17, off to a solid financial start. Let them take charge of their very own teen savings account, including making deposits, withdrawals, and transfers to other accounts.
Young people also have the option to open their own teen checking account, which they can use to receive job earnings and other payments, and to manage spending with their own Visa® debit card.
- No opening or monthly maintenance fees
- Online account access with mobile deposits
- Withdraw cash from Patriot and Allpoint ATMs
- Learn to budget, avoid overdrafts, and save
Let your teen explore their growing financial independence with our safe, affordable checking and savings accounts.
13 years old or older? Open online
Help Them Save Even More
Our Continuous Saver Certificate is the perfect stepping stone to good savings habits and a great add-on to a Patriot Pals account!
Our certificate offers guaranteed earnings for those willing to invest money for a set term. It’s a great way to learn about financial discipline and the power of compounding interest.
- Open with as little as $25
- Make extra deposits of $10 as often as you like
- Available in terms of 24 and 60 months
- Higher rate than regular accounts
Give your child the satisfaction of watching their investment grow with their very own Continuous Saver Certificate.
13 years old or older? Open online
KIDS GROW FAST. KEEP UP WITH OUR GREAT RATES!
Invest early and let your child profit from great annual percentage yields (APYs) on our 24-month and 60-month Continuous Saver Certificates.
|
Minimum Balance |
Tier |
APY1 |
Dividend Earnings2 |
|---|---|---|---|
|
1APY=Annual Percentage Yield. Rates are subject to change without notice. Withdrawals and fees could reduce earnings. Penalty for early withdrawal. Other restrictions may apply. |
|||
|
Minimum Balance $25 |
Tier $25-$999 |
APY1 1.65% |
Dividend Earnings2 $0.84 |
|
Minimum Balance $1,000 |
Tier $1,000-$9,999 |
APY1 1.70% |
Dividend Earnings2 $34.56 |
|
Minimum Balance $10,000 |
Tier $10,000-$24,999 |
APY1 1.75% |
Dividend Earnings2 $355.93 |
|
Minimum Balance $25,000 |
Tier $25,000-$99,999 |
APY1 1.75% |
Dividend Earnings2 $889.83 |
|
Minimum Balance $100,000 |
Tier $100,000-$250,000 |
APY1 1.80% |
Dividend Earnings2 $3,662.79 |
|
Minimum Balance $250,000.01 |
Tier $250,000.01+ |
APY1 1.85% |
Dividend Earnings2 $9,156.97 |
|
Minimum Balance |
Tier |
APY1 |
Dividend Earnings2 |
|---|---|---|---|
|
1APY=Annual Percentage Yield. Rates are subject to change without notice. Withdrawals and fees could reduce earnings. Penalty for early withdrawal. Other restrictions may apply. |
|||
|
Minimum Balance $25 |
Tier $25-$999 |
APY1 2.15% |
Dividend Earnings2 $2.83 |
|
Minimum Balance $1,000 |
Tier $1,000-$9,999 |
APY1 2.20% |
Dividend Earnings2 $116.17 |
|
Minimum Balance $10,000 |
Tier $10,000-$24,999 |
APY1 2.25% |
Dividend Earnings2 $1,189.54 |
|
Minimum Balance $25,000 |
Tier $25,000-$99,999 |
APY1 2.25% |
Dividend Earnings2 $2,973.86 |
|
Minimum Balance $100,000 |
Tier $100,000-$250,000 |
APY1 2.30% |
Dividend Earnings2 $12,175.00 |
|
Minimum Balance $250,000.01 |
Tier $250,000.01+ |
APY1 2.35% |
Dividend Earnings2 $31,138.10 |
HOW TO OPEN A YOUTH SAVINGS ACCOUNT
Check Your Patriot Membership Eligibility
You need to be a Patriot member to allow your child or other dependents to open an account.
Choose the Right Account for Your Child
Pick a Patriot Pals account for the early years. Let your teen open a Youth Savings Account of their very own.
Lay the Foundation for Long-Term Success
Watch your child’s savings grow as they learn the value of thrift, patience, and starting to save early.
Our Members Love Us!
— A.P., Chambersburg, PAExcellent customer service and array of services provided to customers
FAQs
For the parent:
- Name
- Date of Birth
- Address/Contact Information
- Social Security Number/Tax Identification Number
- A current, government issued photo ID. If the address on the ID is not current, you will need proof of your address, such as a utility bill or lease
For the child:
- Name
- Date of Birth
- Address
- Social Security Number
Additionally, cash or check for the initial deposit will also be needed.
For a teen to open a checking account, there needs to be a responsible adult as a joint owner. The adult will be responsible for all activity on the checking account. If they are opening a new membership at the same time as the checking account, please see the “What do I need to open an account for my child?” question above for requirements. If they already have a membership and they are adding a checking account, they won’t need to provide anything else. Various products and services will be available based on the age of the minor. Please contact us with any additional questions.
Checking accounts for minors can be opened online when they are between the ages of 13 and 17. Simply use our secure online form to get started.
Then, they’ll be ready to start learning about managing money responsibly with online banking and our mobile app.
Patriot Federal Credit Union membership is open to individuals, businesses, and organizations who live, work, worship, attend school, or regularly conduct business in:
- Franklin County, Pennsylvania
- Washington County, Maryland
- Frederick County, Maryland
- Berkeley County, West Virginia
- Jefferson County, West Virginia
- Morgan County, West Virginia
When you are eligible, family members, including your spouse, children, parents, spouse’s parents, brothers, sisters, grandparents, and others can also join.
Explore Our Blog for Smart Money Tips and More
Cultivating Money Skills for Kids of All Ages
Things to Consider When Gifting Money to Grandchildren
How Credit Unions Differ from Banks
Back to top Get Them Started Today
It’s never too early for them to become a Patriot member! Enroll your child in Patriot Pals today at any branch location.
Disclosures
-
This credit union is federally insured by the National Credit Union Administration.