ACU's Children and Teen Accounts
Tree Fort Account (Age 12 and younger)
When children begin school or start to receive an allowance, it’s a good time to visit the credit union and learn about our TreeFort savings account.
- Totally free account with no monthly fee
- Minimum deposit of just $1 to open
- Insured by the NCUA up to $250,000
- Savings planning discussion at account opening
- Free coin sorting
- Parental access and joint control
- Peace of mind knowing that this first step in saving can lead to a lifetime of financial freedom
Teen Checking Account (Age 13 – 17)
The teenage years are when good habits are set. By opening a Teen Checking account, they will build their savings and establish a solid financial history. When they turn 18, they will be ready to assume more responsibilities as their banking needs change and be eligible to Free Checking.
- Open with only $1
- Free personalized Visa debit card with member’s photo, pet or any other approved images
- Online and mobile banking, including mobile deposit, eStatements, eAlerts, and eNotices
- Parental access and joint control
Regular Savings (Age 18+)
Once your child turns 18, it should be a time of celebration. We’ll convert their Teen Account into a Regular Share Savings account that offers more flexibility.
- Federally insured up to $250,000 by the NCUA
- Earn dividends on deposits
- Make unlimited deposits
- You can choose to keep being a joint owner
Additionally, they will move automatically into a standard checking account and will need to decide which account best fits them: Affinity Free, Affinity Plus or Affinity Premiere. By now, they will have amassed a nice savings account and knowledge of how to use their money. We can also start to increase their credit rating. If they need checks, we can explain how they work and discuss direct deposit and bill-pay with them if they have a job.
Children’s Savings Accounts Benefits
Discover the benefits your child will get from opening a Children’s Savings Account:
Early Financial Education
Instills basic money management skills in children.
Expert Guidance
Your child gets an annual savings strategy session with a branch manager.
Future Financial Success
Help your child save money now for future expenses (e.g., their first car, higher education, etc.)
Fosters Saving Habits
Encourages regular saving, future planning, and financial discipline.
ACU Children’s Savings Account Rates
Our Children’s Savings Accounts offer attractive deposit rates to help your children grow their money faster. Check them out, and then open an account today.
Additional ACU Children’s Savings & Teen Account Benefits
Open with only $1!
Parental access and controls
Free debit w/ Teen Account
Online and mobile banking
Earn dividends on deposits
eStatements, eAlerts, and eNotices
Deposits are federally insured up to $250,000 by NCUA
Free annual savings strategy session
More Details About Our Children’s Savings Accounts
At ACU, we believe it’s essential to learn good money habits early. Opening a youth account with America’s Credit Union will grow your children’s confidence to make wise financial decisions in the future.
By talking to children, determining what excites them about saving and working with them to meet their individual goals, we can help build a healthy relationship with finances.
- You’ll have full access to your child’s account. You’ll be able to help with transfers, freeze cards and even set up billpay.
Also, kids can easily manage their accounts and watch their savings grow through mobile deposits and a banking app. These simple tools can teach them about money management and budgeting.
ACU Children’s Savings Account FAQs
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Do I need to be a member of ACU to open an account?
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Yes, you will need to join our financial family to open a savings account for your child or teen. It’s easy to join and you can even do it online.
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Will I have parental control over my youth savings account?
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Yes, we offer parental controls that allow you to oversee and manage your child’s account. You can monitor transactions, help with transfers, and even set up certain restrictions.
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What does the savings strategy session with the branch manager include?
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We will send your child an annual invitation shortly before their birthday. They can schedule a free
Savings strategy session with a branch manager who will sit down with them to create a savings plan,
measure progress and track goals. -
What are the requirements for opening a Children’s Savings Account at ACU?
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To open a Children’s Savings Account, the child must have a valid Social Security number. A parent or legal guardian must also be a joint account holder and provide their identification.
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Can my child make withdrawals from their savings account?
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Yes, your child can make bank account withdrawals. As a joint account holder, you can set daily limits and control the frequency to encourage saving habits.
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Is it possible to link the Children's Savings Account to other accounts for easy transfers?
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Absolutely! You can link the Children’s Savings Account to a regular savings or checking account for easy transfers. This is convenient for setting up automatic allowance deposits or moving money for special occasions.
★★★★★
“America’s Credit Union is a fantastic place to bank. I’ve been with them for a few years now, and I have yet to come across anything negative. Customer service is quick and friendly, any problems I’ve had with my accounts were resolved as soon as I let them know. I have never come across any hidden fees with any accounts. Everything about their bank is very up-to-date. Online banking and remote check deposits are just a couple of examples. America’s Credit Union is very, very good to their customers and I couldn’t imagine banking with anyone else.”
-Alyssa T.
Ready to open an ACU Children’s Savings Account?
Give your child a head start by opening a savings account for them. Visit any branch today and speak to one of our friendly team members. Or click the button below to open an account for your child or teen today!
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