Youth Banking

Open an Account**

Early Saver

account rates

APY Effective 9/1/2017*

6.17
%
APY

Early Saver

Up to $500

0.10
%
APY

Early Saver

$500.01+

See Account Disclosure for details

Your Banking Relationship Starts Here 

At BECU, we believe it's never too early to learn the value of saving money. That's why we created the Early Saver Savings Account – to make it easy and rewarding for young people under age 18 to save.


Early Saver Account

Your child can become a BECU member simply by opening an Early Saver Savings account**. Even better, your child starts earning competitive interest rates on their very first deposit: Early Savers earn a premium rate on their first $500 in deposits, and our standard posted rate thereafter.

Why offer a premium rate on the first $500? Part of BECU's mission is to teach smart money management. What better time to learn than at a young age? Offering a great rate from the get-go shows just how rewarding saving can be – youth will watch their money grow even faster, and subsequently want to save even more money for their future.

Account Features 

  • Earn 6.17% APY on the first $500
  • No minimum balance requirement
  • No monthly fee
  • Family and friends can make deposits to the account for birthdays, holidays, graduation or any time at all
  • Account access through free Online Banking (age 13+), free Telephone Banking, ATMs, or at a BECU Neighborhood Financial Center
  • At age 18, account can easily be converted to a Member Advantage® account, earning a premium rate on both checking and savings
Youth Banking: How much you can save

Free checking

Our free checking accounts have no minimum balance requirements and no monthly maintenance fees. Kids (and parents) can access accounts for free from almost anywhere, with an optional Debit Mastercard®, telephone banking, ATMs, and Neighborhood Financial Centers. 

When those with Early Saver accounts turn 18, they can easily convert their account to a Member Advantage account, to earn premium rates on checking and savings.

EARLY SAVER SAVINGS CHECKING
HIGHER RATE ON FIRST $500
N/A
BETTER RATES ON OTHER PRODUCTS
N/A
N/A
MONTHLY FEE TO MAINTAIN ACCOUNT 1
$0
$0
MINIMUM BALANCE
$0
$0
FREE ONLINE BANKING 2
FREE ESTATEMENTS 2
FEDERALLY INSURED UP TO $250,000 3
DEBIT CARD WITH FRAUD MONITORING PROTECTION
N/A

(1)To open a Checking Account, you must establish membership by opening a Member Share Savings, Member Advantage Savings, or if under 18 years old, an Early Saver Account.

(2)Online Banking and eStatements are not available to anyone under 13 years old, eligibility and benefits subject to change.

(3)Based on account ownership status and account type.

Save, Share, Spend

Reinforce 'Save, Spend, Share'

Time to divvy up the allowance

*APY = Annual Percentage Yield; rates subject to change, fees may reduce earnings. An Early Saver account is required to establish membership. Balances $500.01 and above receive a rate of .10% APY. See Account Disclosure for details.

**Must have a parent or legal guardian on account. If you are under the age of 13, you must enroll in person or by mail.