SAVINGS

Youth Savings Accounts

It's never too early to get a child on the path to a financial success with a youth savings account.1

Youth Savings
Youth Savings

Youth savings account benefits for you

  • 24/7 account access: Online banking lets you manage your money anywhere, anytime. Make transfers, check balances, find an ATM2 and more!
  • Create savings habits: Teach children and teens to deposit their allowance, birthday money and more into their savings account to help reach their financial goals.
  • Earn dividends: Youth accounts can earn dividends on a quarterly basis with a minimum balance of $10.
  • GECU ATM card: Access 80,000+ surcharge-free ATMs nationwide.2
  • No monthly service fee: Period. Plus, no minimum-daily-balance requirements!2
  • Financial education: Dru Blue is here to help kids and teens develop healthy saving habits at an early age.

Open a youth savings account by calling 1.800.772.4328.

COMPARE SAVINGS ACCOUNTS

Discover our kids and teens savings account options

Miners Kids Club presented by GECU

We’re proud to be the official credit union of UTEP Athletics.
We’re proud to be the official credit union of UTEP Athletics.

Best for: Members up to 12 years old who want to enjoy fun, interactive opportunities.

 

  • No monthly service fees for Miners Kids Club3 members
  • Free admission to select UTEP Athletics events
  • Access to Miners Kids Club events
  • A $10 deposit4 to your GECU Miners Kids Club Youth Savings Account when two recurring transfers are completed in GECU Online Banking

Money Mammals

Get started on your financial journey at any age.
Get started on your financial journey at any age.

Best for: Members up to 8 years old.

 

  • No monthly service fees
  • Online financial education tools
  • Free coin sorter usage
  • Special gift at account opening

M3 Money Club

Develop good money-management skills and learn about savings early.
Develop good money-management skills and learn about savings early.

Best for: Members 9–13 years old.

 

  • No monthly fees
  • Online financial education tools
  • Free coin sorter usage
  • Special gift at account opening

Free2Be Youth Savings Account

Get on the right path to financial freedom.
Get on the right path to financial freedom.

Best for: Members 16–17 years old. 

 

  • No monthly service fees
  • 24/7 account access with online banking and the mobile app5
  • ATM card and access to 80,000+ surcharge-free ATMs nationwide6
  • Special gift at account opening
We’re Here to Answer Your Youth Savings Account Questions
  • What is a youth savings account?
    A savings account is a safe place to store and grow your money. A savings account earns dividends on the funds in the account. You can deposit and withdraw funds from the account at any time. We offer many types of youth savings accounts for teens and kids. View our youth savings account comparison above. 
  • Can I open a youth savings account online?
    You can open a GECU savings account now by calling 1.800.772.4328.
  • How does a savings account work?
    A youth savings account allows the member to earn dividends quarterly if the account maintains an average daily balance of $10.
  • What do I need to open a youth savings account?
    A valid government- or state-issued picture ID and a $10 opening deposit.
  • How old does a child have to be for a parent or guardian to open a GECU Youth Savings account on the child or teen’s behalf?
    Accounts can be opened from birth to age 17.
  • Can I open a teen savings account for a family member?
    A parent or adult sponsor is able to open an account for a family member if membership-eligibility requirements are met. The parent or adult sponsor must provide required forms of identification for themselves and a Social Security number for the minor child. Learn more about eligibility requirements.
  • How can I save for college?
    A Coverdell education savings account (Coverdell ESA)7 is a great option to begin saving for college.
1Membership eligibility is required
2Other fees may apply. 
3A Miners Kids Club membership is required to open a GECU Miners Kids Club Youth Savings account. A minimum opening deposit of $10 will be funded by GECU at account opening. APY (Annual Percentage Yield) of 0.15% is dependent on the share account opened and is accurate as of the last dividend declaration date. Rates may change after the account is opened. Rates are accurate as of June 18, 2024. Limit one account per Miners Kids Club membership. GECU will provide tax reporting to recipient and Internal Revenue Service.
4Online banking is not available to individuals under 13 years old. Receive a one-time deposit of $10 into the GECU Miners Kids Club Youth Savings account when recurring transfers are set up by the parent or guardian who is joint on the account through GECU Online Banking and two transfers are completed within the first three months of opening the account. Limit one deposit per account.
5Standard text-messaging and data rates may apply through the wireless carrier.
6Transaction fees may be charged by owner of non-GECU ATMs.
7Certain tax implication and contribution limitations apply to education savings accounts (ESA). Consult your tax adviser for details.
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