Good habits start early. At BECU, we believe financial education is the key to developing good money management skills. We provide a great assortment of tools and resources to help you work with your teen to build smart habits and learn financial responsibility.
Imagine your teen being able to build wealth at an early age. By opening an Early Saver savings account, you won't have to imagine anymore. An Early Saver account gives teens a great introduction to the world of banking, and they'll earn premium interest rates on their first $500*.
Pair an Early Saver account with their first BECU checking account to teach your teen smart money management**. You'll be able to watch their inflow and outflow of cash, track spending using a check register or Online Banking, and have the security of a BECU debit card.
Your child can become a BECU member simply by opening an Early Saver Savings account,* and the account features are hard to beat.
Earn 6.17%* APY on the first $500
No minimum balance requirement
No monthly fee
Text and email account alerts
At age 18, account can easily be converted to a Member Advantage® account, earning a premium rate on both checking and savings
Free checking with lots of great features.
Banking shouldn't leave anything to the imagination. Here are handy resources to answer common questions you might have.
BECU wants to make it easier for parents to have the next big talk about money management with their teens and help inspire financially independent adults. Teach your teen the importance of how to spend, save, borrow and plan. Start talking with your teen.
Better Budgeting – Contains budgeting tips, such as starting a spending journal, creating an emergency fund, and thinking about needs versus wants.
Money Smart Teens – Your teenager is new at this. Help them by working together on a household budget, teach how to shop smart, and set realistic goals.
Allowance Goes Digital – Use technology to your advantage. Read this article to help your young one with the philosophy of “share, save, and spend.”
5 Banking Tips for Teens and Parents – These five steps highlight when to give your teen more financial freedoms, and calls out pitfalls before you find yourself trapped.
Financial Independence for Teens – Here's are a quick rundown of a few indicators that may help identify if your teen is ready.
What to Expect – Congratulations! You've taken steps to start your teen off on the right financial foot. Learn what to expect when your teen begins using their checking account with BECU.
*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.
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.
Online Banking and eStatements are not available to anyone under 13 years old, eligibility and benefits subject to change.