Star Savers Youth Account
Introducing children to the concept of money and how to manage it is one of the most important life lessons you can give them. By age 7, most children already have a preconceived attitude about money. Some children as young as five already have distinct emotional reactions to spending and saving money which impact real-life spending behaviors.
Let AlliedFCU help you set up the children in your life for financial success as early as possible as early as possible with a Star Savers Youth Account.
Star Savers Savings Account
A dividend-earning savings account with a low minimum balance of $5.*
Star Savers Share Certificate
$100 minimum opening deposit and the ability to make additional deposits at any time. 12-month term with unlimited additional deposits!**
1*APY = Annual Percentage Yield. The Star Savers Savings account is a tiered-rate account for minors under 18 years of age. A parent or legal guardian must sign
on the account. Minimum to open is $5.00. A higher rate (5.01% APY) is paid on daily balances up to $500 and a standard Savings rate (0.04% APY) is paid on daily
balances over $500. Rates are current as of 10/01/2024 and are subject to change. Only one Star Savers Savings account allowed per youth. The account switches to
a regular Savings account in the month following the account holder’s 18th birthday. Other restrictions may apply.
**$100 minimum balance. A penalty will be imposed for early withdrawal. APY is the Annual Percentage Yield and assumes principal and interest remain on deposit for the term of the certificate.1