Youth Accounts
Get More from Your Account
Teaching your children money management is a careful balancing act. You need to give them the tools to learn budgeting and saving and prepare them for an increasingly cashless world with the experience of using a debit card. At the same time, you don’t want them to incur any steep fees or tank their financial future before it truly begins. We offer several options to kick-start your child’s financial education from preschool through high school graduation.
Meet a Specialist by Video Chat, calling 800-375-3674, or visiting a branch.
Roary’s Den Savings Account
Features and Benefits
- Ages: 12 and under
- Membership: Establishes a lifetime membership as long as the membership is open
- Minimum Opening Deposit: $25
- Monthly Maintenance Fees: $0
- Daily Balance Requirement: $0
- Dividends: Earn dividends when the daily balance is $50 (paid monthly based on daily balance)
- Roary’s Den Gifts: Receive an account opening gift once you open your youth membership. Also receive a stamp for each $10 deposited to earn additional R1 gifts. Gifts are redeemable at any branch.
- Digital Banking: Set up digital banking to monitor your savings
- Apply Today!
| balance | rate | apy |
|---|---|---|
| $50.00 and above | 0.10% | 0.10% |
|
APY= Annual Percentage Yield. Minimum balance to open $25.00. Minimum balance to earn $50.00. Fees could reduce earnings on the account. A penalty will or may be imposed for early withdrawal of funds. Rates as of September 24, 2023. Rates are subject to change without notice. |
||
CU Succeed Savings Account
Features and Benefits
- Ages: 13 – 17
- Membership: Establishes a lifetime membership as long as the membership is open
- Minimum Opening Deposit: $25
- Monthly Maintenance Fees: $0
- Daily Balance Requirement: $0
- Dividends: Earn dividends when the daily balance is $50 (paid monthly based on daily balance)
- Digital Banking: Set up digital banking to monitor your savings
| balance | rate | apy |
|---|---|---|
| $50.00 and above | 0.10% | 0.10% |
|
APY= Annual Percentage Yield. Minimum balance to open $25.00. Minimum balance to earn $50.00. Fees could reduce earnings on the account. A penalty will or may be imposed for early withdrawal of funds. Rates as of September 24, 2023. Rates are subject to change without notice. |
||
CU Succeed Checking Account
Features and Benefits
- Ages: 13 – 17
- Minimum Opening Deposit: $0
- Monthly Maintenance Fees: $0
- Daily Balance Requirement: $0
- Dividends: This account does not earn dividends.
- Debit Card: Select to get a R1 Debit Card to teach good spending habits
- Digital Banking: Set up digital banking to monitor your spending
| balance | rate | apy |
|---|---|---|
| $0.00 and above | 0.00% | 0.00% |
|
APY= Annual Percentage Yield. Minimum balance to open $0.00. No monthly maintenance fees. Non-dividend account. Rates as of September 24, 2023. Rates are subject to change without notice. |
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Insights & Advice
National Credit Union Youth Month 2023
CUNA’s Youth Month 2023 is an annual celebration held in April to promote financial literacy and savings habits among young people. Learn about the importance of financial education and incentives offered by R1CU during Youth Month.
Blog | Help Your Kids Fulfill Their Big Dreams
By opening a youth savings account at R1, you can encourage kids to practice good financial habits that will enable them to fulfill their dreams.
Youth Savings Account | Child Savings Account | R1CU
Have you been thinking about setting up a first bank account for your child? If so, Resource One Credit Union has the ideal account for you. Our youth accounts are easy to manage and can be tailored to suit kids…
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Virtual Branch
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