Empower Tomorrow's Savers Today
At First Atlantic, we believe in nurturing financial responsibility from a young age. Our Youth Savings Account is designed to help kids and teens develop good saving habits while learning the basics of money management. With tailored features to meet their needs, this account is the perfect starting point for young savers.
Key Features
1) No Fees:
Keep every penny you save. Our Youth Savings Account has no monthly maintenance fees, ensuring your savings grow faster.
2) No Minimum Balance:
Start saving with as little as $5. There’s no pressure to maintain a high balance; every dollar counts.
3) Earn Interest:
Earn interest on every dollar in your account. The more you save, the more you earn.
4) Report Card Rewards:
Celebrate your academic achievements with our Report Card Rewards program! Students can earn cash rewards for good grades by bringing their report cards to any branch. For every A or equivalent grade, you'll receive $2, up to $10 per grading period. It's our way of supporting your hard work and encouraging academic success. Visit us today and turn your grades into rewards!
Deposit Match & Free Plantable Ornament
To help you get started on the right foot, we’ll match your first deposit, up to $25! That’s right—when you deposit into your Youth Spend Account, we’ll add extra money to your account, helping you grow your savings faster. Plus, when you open a Youth Account, you'll receive a FREE Plantable Holiday Ornament made with wildflower seeds!
Open Account*Offer applies to new account opening only. One time offer per member.
Build Financial Confidence
The Youth Save Account is a great way to start learning about money management, budgeting, and saving—all essential skills for your future.
Disclosures
The dividend rates for this account are determined at the discretion of the board of directors, for the most up-to-date rates, please visit www.fafcu.com/rates. The dividend rate and annual percentage yield may change at any time. Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period. Dividends will be credited and compounded monthly. If you close your account before dividends are paid, you will not receive the accrued dividends. Dividends are calculated by the daily balance method, which applies a daily periodic rate to the balance in the account each day. Dividends will begin to accrue on the business day that you place noncash items (for example, checks) into your account. Transfers from a Savings account to another account or third parties by preauthorized, automatic, telephone, computer transfer, or by check, draft, First Atlantic Federal Credit Union debit card or similar order to third parties are limited to six per statement cycle. ATM withdrawals or transfers are not limited. We reserve the right at any time to require not less than seven days’ notice in writing before each withdrawal. Age requirements for this account are ages 17 and under.