Youth Accounts

Our Youth accounts are designed to support the financial needs of the youngest generation and set them up for success!

Youth Savings Accounts:

  • For anyone under the age of 18 years old
  • Parent/guardian/legal adult required as joint
  • Open with as little as $5.00
  • Earn dividends monthly, no minimum balance to earn
  • Funds can be transferred from other member accounts to help them save

Other Youth Accounts:

  • Secondary Savings Account
  • High Yield Savings Account
  • Checking Account
    • For youth accounts where the minor is an eligible signer
    • Mastercard Debit Card or ATM Card available¬†for members 16 and older
      • State-issued ID required
      • Adult on account must sign waiver for debit card activity (if applicable)

Youth CDs: 

A Youth Certificate of Deposit (CD) is a great way to start saving for the future!

  • Open with as little as $250
  • Continuously add funds over the term of the CD
  • Earn dividends monthly
  • Competitive rates
  • No annual fees
  • Terms from 12¬†- 36¬†months

We also have some educational resources available that address the different needs for minors of all ages!

  • iCount - if your child is in middle school, this site will give you some great money tips!
  • Are You Ready? - a great resource if your child is¬†in high school and working at their first job!
  • Credit Unions Rock - perfect if you have a young adult getting ready to embark on goals like secondary education or embarking on a career!

If you are interested in learning about the difference between a credit union and a bank, visit today for a great interactive experience!

Youth CD Special

Unlock the Power of Savings with Our Youth CD Special Promotion

Prepare your child for a brighter tomorrow with our exclusive Back to School Savings promotion. Introducing our Youth Certificate of Deposit (CD) with an exceptional 5.00% Annual Percentage Yield (APY***) for terms of 24 or 36 months.

Here's what you need to know about our Youth CD Special promotion:

  • 5.00% APY¬†- Benefit from a very competitive 5.00% APY on your Youth CD, helping your child's savings grow faster.
  • Smart Savings Strategy - With an interest rate of 4.89% that compounds¬†monthly, your child's savings will flourish over time.
  • Minimum Deposit of $250 - Start their financial journey with a deposit as low as $250, making it accessible for families of all sizes. You can also continue to add funds to these CDs, a feature that is currently only available for our Youth CDs.
  • Exclusively for Minors- The Youth CD must be opened under the youth's name and Social Security Number¬†with the¬†same joint member as the savings account it is tied to.
  • Limited-Time Offer - Act now to take advantage of this special promotion!¬†Remember, promotions may be adjusted or discontinued at any time.
  • Secure and Insured - Rest assured that your investments are protected. MCCU is federally insured by the NCUA, providing you with peace of mind.

Make the most of this opportunity to teach them the value of saving, the importance of smart money choices, and the rewards of planning for the future.


What should I expect when I come to open a Youth Account?

Depending on the details of what you're looking to do, a youth account takes about 30 minutes to open in-person. Because there are many different forms of identification that can be used to open youth accounts, we do not currently offer the option for youth accounts to be opened electronically. 

What are the benefits of a Youth Account?

Youth accounts provide a safe way to save money for a minor where the funds are insured by the NCUA. These accounts are not subject to the full MCCU schedule of fees, but the minor will still benefit from having years of established account history with the credit union.

What are the responsibilities of a parent/guardian/adult on a Youth Account?

The legal adult on the account is obligated to provide supervision/oversight and to be responsible for the minor's actions. In any instances of suspected fraudulent activity on the account, the legal adult will be the main point of contact.

What happens to a Youth Account when the member turns 18?

When the member turns 18, their account will automatically convert into a regular MCCU savings account. All terms, conditions, and fees tied to our regular savings accounts will apply at that time.

What is needed to add a Debit or ATM Card to a Youth Account?

The minor must be 16 years or older, with a valid State ID, and the legal adult on the account must sign a waiver taking responsibility for any transactions made with the card(s). 

Can minor accounts utilize online banking?

Yes! Minor accounts can be monitored and maintained through online banking.

Do I need to have a Youth Account to open a Youth CD?

Yes, youth CDs are specifically designed to be paired with Youth Accounts. 



Youth CDs
Effective Date: Tuesday May 28, 2024
NameAPY*Minimum Opening Balance
24 or 36 Month Youth CD Special*** 5.00% $250
12 Month Youth CD** 1.75% $250
24 Month Youth CD** 1.75% $250
36 Month Youth CD** 2.00% $250
*APY = Annual Percentage Yield
** Youth CDs are available for members 18 years and under. Certificate must be opened under youth's name and SSN. The CD must have the same joint member as the savings account it is tied to.
***APY - Annual Percentage Yield. 4.89% interest rate compounded monthly. Minimum deposit of $250. Certificate must be opened under youth's name and SSN. The CD must have the same joint member as the savings account it is tied to. Additional funds may be added to the CD at any time. Promotion may be modified or discontinued at any time. MCCU is federally insured by the NCUA.

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