Empower Your Kids with Financial Literacy and Savings Skills
At NCACU, we believe it’s never too early to teach kids the value of money and the importance of saving. With an NCACU Youth Savings Account, you can help your child or grandchild take the first step toward a lifetime of financial responsibility.
When you open a Youth Savings Account, your young saver will learn:
- Healthy saving habits that will serve them well into adulthood.
- A sense of financial responsibility as they manage their own savings.
- Goal-setting and prioritization skills to help them plan for the future.
It’s Easy to Get Started! Open a Youth Account Today
- Start with just a $5 deposit.
- A parent or guardian as a joint account holder is required.
- Bring the child’s Social Security Card.
- Earn more with a referral bonus! Already an NCACU member? Set up an Automatic Funds Transfer (AFT) from the parent/guardian’s account to the youth’s account and receive $25, plus we’ll deposit $25 into the child’s account! Learn more about our Refer A Friend Program.
Help them start saving today and show them the value of money—at any age!
Empower Youth with Smart Spending and Rewards
| Debit Cash Back (Coming Soon) | Add On Certificate (CD)* |
|---|---|
| 1% on Debit Purchases** | Same rates as our 24 month CD rates See Rates. |
| Teach kids how to manage money responsibly with a debit card directly linked to their youth account at the credit union. Parents and children can easily monitor spending, set savings goals, and track balances through our secure mobile banking app. Young account holders not only learn smart financial habits but also earn 1% Cash Back** on up to $1,000 in Debit purchases. Earn up to $100 per year and up to $10 per month! | Earn more incrementally for your child or loved one. A flexible option that grows alongside their saving goals. This is a great gift for young savers or anyone wanting to teach financial responsibility while earning a great rate. |
| Benefits: Linked directly to the child’s account for secure access. Easy parental monitoring via mobile banking. Teaches financial independence with real-world spending. | Benefits: 24-month term for long-term growth. Start with as little as $100, up to $10,000. Add funds at any time, in any amount. |
| Requirements: eStatements/eNotices/eAlerts 10 mobile banking logins per month 10 signature-based debit card transactions per month | Requirements: Minimum balance $100 |
Start building a strong financial foundation for your child with an NCACU account. Beyond the convenience of a debit card and cash-back rewards, our youth accounts offer a wealth of benefits that grow with your child, helping them develop valuable money management skills at every stage of life.
*$100 opening deposit and minimum balance required. $10,000 maximum deposit. Municipal, business and IRA funds are not eligible. During the term of the CD, you may make additional deposits into this account. The method for additional deposits may be limited to in-office transactions or Online Banking transfers. The balance in your account cannot exceed $10,000 excluding interest. Withdrawals prior to maturity are subject to an early withdrawal penalty fee. Fees may reduce earnings. Contact the credit union for details.
**APY = Annual Percentage Yield. Terms and limitations apply. Rate as of 01/01/25 and subject to change after account opening. $5 membership required. No minimum balance required. Monthly requirements must occur by end of day the last day of the month. Overdraft/returned item fees may apply. Debit Cash Back- Members may earn 1% Cash Back up to $10 on qualifying debit card purchases per calendar month, posted monthly as a single deposit on the last day of the month. Cash Back is calculated based on a percentage of the total amount of spending performed by the member during the month on eligible debit card purchase. Your Cash Back Checking Account must be open when debit card Cash Back is posted. Courtesy pay is not available for any member under the age of 18. A minimum of one parent/guardian will be joint on the account to qualify for a checking account if under the age of 18. Qualifying debit card purchases include: Point-of-sale purchases made with your debit card; and Online purchases made with your debit card. Debit card transactions that are not eligible for 1% cash back include: Transactions conducted at an ATM; The purchase of money orders, currency, coins, or other cash-equivalents, such as Bitcoins, negotiable items not yet deposited, U.S. treasury bills, and commercial paper; Peer-to-Peer or Person-to-Person (P2P) payments; Merchant returns/refunds.