Youth Savings Accounts

Your journey to saving starts here. MCCU Youth Savings helps kids and teens grow their money, learn smart habits, and reach their goals—one step at a time.

Ages 0–15:
Start building your savings with a joint account*—open it with a parent or guardian and watch your money grow.

Ages 16–17:
Open your own savings account* and take charge of your goals—no parent needed if you have a valid photo ID.

Why you'll Love It:

  • Open with as little as $5.00
  • Earn dividends monthly, no minimum balance to earn
  • ATM card available for members 13 and older*
  • Funds can be transferred from other member accounts to help them save

 

Visit us at any MCCU branch location to open your account

or

Complete an application online and a MCCU team member will reach out to you to complete the process.

*Monroe Community Credit Union (MCCU) Membership eligibility required. $5.00 minimum opening deposit. Account opening for individuals aged 0 to 15 requires joint ownership with a parent or legal guardian who qualifies for membership with MCCU. Members 16-17 years old may open an account individually, with valid photo identification, otherwise joint ownership with a parent or legal guardian who qualifies for membership with MCCU is required. Debit cards and ATM cards issued to members ages 13-15 require parent/guardian consent waiver. No monthly maintenance fee. No minimum balance requirement. MCCU is Federally Insured by NCUA.

Other Youth Accounts

Other Youth Savings Accounts:

  • Secondary Savings Account
  • High Yield Savings Account

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

Checking Accounts:

Check out our Local Roots Checking available for ages 13-17.

Local Roots Checking Account

Your Money. Your Roots. Grown Local.

 

Your journey to financial independence starts here. Local Roots Checking gives teens the tools to take control, make smart choices, and grow confidence with money that’s all their own.

Ages 13–15:
Learn money skills with a joint checking account*—get started with a parent or guardian.

Ages 16–17:
Open your own account checking account* and take control—no parent needed if you have a valid photo ID.

Why You’ll Love It:

  • No monthly fees, no minimum balance

  • Easy access anytime with debit card & online banking*

  • Built for teens ready to manage their money

Grow your roots. Grow your independence.

 

Learn more about youth savings options here.

 

Visit us at any MCCU branch location to open your account

or

Complete an application online and a MCCU team member will reach out to you to complete the process.

 

*Monroe Community Credit Union (MCCU) Membership eligibility required. $5.00 minimum opening deposit. Account opening for individuals aged 13 to 15 requires joint ownership with a parent or legal guardian who qualifies for membership and a checking account with MCCU. Members 16-17 years old may open an account individually, with valid photo identification, otherwise joint ownership with a parent or legal guardian who qualifies for membership and a checking account with MCCU is required. No monthly maintenance fee. No minimum balance requirement. Debit cards issued to members ages 13-15 require parent/guardian consent waiver. Debit cards issued to minors are automatically opted out of overdraft privilege. Minor checking accounts are not eligible for Check Guard. Remote deposit capture will not be available until 30 days after account opening. MCCU is Federally Insured by NCUA.

 

FAQ

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. Youth account applications can be started online, but because there are many different forms of identification that can be used to open youth accounts the process must be completed in a branch.

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

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: Sunday November 16, 2025
NameAPY*Minimum Opening Balance
12 Month Youth CD** 4.00% $250
24 Month Youth CD** 4.00% $250
36 Month Youth CD** 4.00% $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.

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