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Early Saver Account Rates
APY Effective 7/10/2026*
5.12
%
APY
Early Saver
On the first $500
0.20
%
APY
Early Saver
$500.01+
Start Your Child's Savings Strong With Early Saver
Empower your child to build strong financial habits early. Whether you are looking for a first children's savings account or a way to grow their existing funds, Early Saver1 is a great way to help set kids up for a lifetime of financial well-being and money smarts and the best time to get started is now.
Higher interest rates on the first $500 saved
If you are looking for a kids savings account with great interest rates, an Early Saver account can help. We offer a premium Annual Percentage Yield (APY) on the first $500 deposited. This tiered structure means they earn a higher return on their initial savings, helping them see the immediate benefits of putting money away.
More savings for your child without the hassle
Banking with BECU comes with few fees and competitive rates:
- No monthly maintenance fees
- No minimum balancer equirements
- Higher savings rates on the first $500
- Federally insured by NCUA up to $250,000 per account ownership and category
Savings Accounts for Kids and Teens Under 18
A BECU Early Saver account helps kids and teens under 18 build smart saving habits from an early age. Whether your child is taking their first steps or gaining more independence as a teen, Early Saver supports their journey toward a bright financial future.
Features for Parents: Manage your kid's savings account
We know that teaching kids about money is a team effort. That's why our kids savings accounts are easy to open and maintain.
| Features | Ages 0-12 | Ages 13-17 |
|---|---|---|
Monthly Maintenance Fee
|
$0
|
$0
|
Minimum Deposit to Open
|
$0 ($10 if online)
|
$0 ($10 if online)
|
Interest-Bearing?
|
Yes—Higher rate on first $500
|
Yes—Higher rate on first $500
|
Free ATM Card
|
Yes
|
Yes
|
Free Debit Mastercard With Fraud Protection2,3
|
Yes (when linked to a BECU checking account)
|
Yes (when linked to a BECU checking account)
|
Nationwide Access to Over 77,000 Surcharge-Free Network ATMs
|
Yes
|
Yes
|
Free Online Banking4
|
Parents can access free Online Banking, but this feature is unavailable to the minor5
|
Yes
|
Free Mobile Banking4
|
Parents can access free Mobile Banking, but this feature is unavailable to the minor5
|
Yes
|
Free Zelle Usage
|
No—Zelle is unavailable to members under 135
|
Yes
|
Free Access to Zogo Financial Education
|
Yes
|
Yes
|
Upon Reaching Maximum Age
|
Age 13-17: Continues to be an Early Saver account
|
At age 18: Converts to Member Share Savings or Member Advantage Savings, depending on qualifications
|
Open a Kids Savings Account
See How Savings Can Grow
With a beginning balance of $5, a monthly deposit of $40 (approximately $10 a week), and an expected rate of return of 6.17% APY, you would save approximately $501 in one year!
Try it for yourself using the calculator below.
FAQs About Kids Savings Accounts
When a minor turns 18, their accounts will either convert into standard savings and checking accounts, or Member Advantage savings and checking accounts, where they will continue to earn a premium rate on the first $500 in the checking and savings accounts, if they qualify. You can either remain a joint on the savings and checking account, or your teen can choose to convert their checking and savings accounts to independent accounts. You can also choose to remove yourself from your teen's accounts once they reach the age of 18.
Yes, we offer a free checking account teens and parents can take advantage of. Our free checking account is an ideal place to begin - it's a joint bank account for both you and your teen. Our standard checking accounts have no monthly maintenance fees or minimum balance requirements. Learn how to open a checking account for your teen.2
Our Early Saver accounts come with a free ATM card which can be used to deposit or withdraw cash from ATMs. If you also open a checking account for your child, a free debit card can be issued that will link to both accounts.
We love it when children learn all about saving, spending and sharing – your child can open multiple standard savings accounts, free of charge, and even nickname each account to help them keep track (Theme Park fund, Savings fund, College fund, Giving fund, Fun fund, etc.). But there is a limit of one Early Saver savings account per child.
Kids Savings Resources
A savings account is just the beginning of developing lifelong money habits. With tools and resources available to members, BECU is here to help you build lasting financial health.
Rates stated as Annual Percentage Yield (APY) and are subject to change. Fees may reduce earnings.See Account Disclosure for details.
1Early Saver accounts must have a parent or legal guardian as the joint account holder.
2To open a checking account for a minor, you must establish membership by opening an Early Saver account, and a parent or legal guardian must be a joint account holder. A checking account is required to obtain a debit card.
3To learn more about card benefits, view the Mastercard Guide to Benefits.
4Mobile and internet carrier charges may apply for Online and Mobile Banking usage.
5Due to the Children's Online Privacy Protection Act (COPPA), members must be at least 13 years old to access Mobile Banking, Online Banking, Zelle, and eStatements.