Youth Program
Set your children up for financial success
Youth Savings
Youth Savings Account
When it comes to opening an account for your children, you need to first decide if you want the child to have access to the money. We offer two options for your savings needs.
California Uniform Transfer to Minor Account (UTMA)
If you are putting away money for your child's future and you do not want them to have access to it until they are 18 or 21, you may consider a California Uniform Transfer to Minor Account (UTMA). This account establishes the minor as the beneficiary of the account with an adult as the Custodian. This means the child does not have access to the funds until they reach age 18 or 21, whichever is designated at account opening.
Regular Youth Savings Account
If your child is learning how to manage their own money, this account is set up with them as the primary owner and an adult as the joint owner. This account can be converted to an adult account without a joint owner once they reach age 18.
Both accounts are a great first tool in learning to save money and offer:
- Dividends with a balance of $200 or more
- Free debit card to members age 14 and older
- $25 minimum balance requirement
Rates
| Savings Accounts Rates as of 12-1-23 | ||
|---|---|---|
| Type | Dividend Rate | APY1 |
| Savings | 0.05% | 0.05% |
| Holiday Club | 0.05% | 0.05% |
| Youth Savings | 0.05% | 0.05% |
1 Annual Percentage Yield. Fees may reduce earnings.
Open A Savings Account
$25 to open
Establishes Your SafeAmerica Membership
- Earn dividends
- No monthly service fee
- Online banking
- Mobile banking
- eStatements
Youth Certificate
Youth Share Certificate
This high yielding certificate is available for ages 23 and under. Opening a youth share certificate is the perfect way to help them get a big start on their financial future.
- 9.99% APY
- 12 month term
- $1,000 minimum and maximum
- Limited to one youth share certificate per member
- Upon maturity, the certificate may roll over at the current rate, roll over into a share savings account, or can be withdrawn
- Your child must have their own SafeAmerica Credit Union share account with a $25 minimum balance
Rates
| Share Certificates Rates as of 12-1-23 | ||
|---|---|---|
| Term | Dividend Rate | APY1 |
| 3 Months | 1.00% | 1.00% |
| 6 Months | 1.24% | 1.25% |
| 8 Month Special*** | 4.89% | 5.00% |
| 12 Months | 2.23% | 2.25% |
| 14 Month Special*** | 4.89% | 5.00% |
| 24 Months | 2.23% | 2.25% |
| 36 Months | 2.23% | 2.25% |
| 48 Months | 2.23% | 2.25% |
| 60 Months | 2.23% | 2.25% |
| Youth Certificate** - 12 months | 9.56% | 9.99% |
1 Annual Percentage Yield. Minimum balance requirement is $1,000. Available rates subject to change without notice. Once a certificate is opened, the rate remains fixed through maturity. Early withdrawal penalties apply to certificates.
**Youth Certificate: $1,000 minimum and maximum. Only one youth certificate per member, ages 23 and under only. Rolls into a regular 12 month certificate upon maturity, not the high yield youth certificate. Once the certificate is opened, the rate remains fixed through maturity. Early withdrawal penalties apply.
***Certificate Specials: New money required. 8 month rolls into a 6 month certificate upon maturity. 14 month rolls into a 12 month certificate upon maturity. Any money deposited at SafeAmerica within the last 30 days qualifies as “new money”. Early withdrawal penalties apply to all certificates. Does not apply to IRA Certificates.
Open A Youth Share Certificate
9.99% APY
- 12 month term
- No monthly service fee
- Ages 23 and under
Youth Checking
Youth Checking
SafeAmerica's Youth Checking Account is ideal for members ages 14 to 23 years old who are opening their first checking account, looking to begin their college career, or ready to enter the workforce.
- No minimum balance
- No monthly fee
- Free mobile banking
- Free Debit Card1
- Free online banking & bill pay
- One complimentary NSF (Non-Sufficient Funds) fee reversal2
- Account access at over 6700 shared branch locations
- 30,000 CO-OP Network Surcharge-free ATMs nationwide
1Free ATM Transactions on all SafeAmerica ATMs and up to 4 free foreign ATM machines. ATM fees charged by third parties are not the responsibility of SafeAmerica Credit Union.
2One complimentary Non-Sufficient Funds Fee reversal per year upon request.
Open A Youth Checking Account
- No minimum balance
- No monthly service fee
- Online banking
- Mobile banking
- Mobile deposit
- Free debit card
Youth Credit Card
Youth Credit Card
Our youth products are designed to help you get started on the path to financial success. Part of that success is establishing good credit early on. Our Youth Visa® Platinum Rewards credit card is ideal for the young adult taking their first steps to building credit history. Choose from:
- Visa Platinum Rewards Credit Card (Ages 14 to 17 Years)1
- Visa Platinum Rewards Credit Card (Ages 18 to 23 Years)2
Whichever card suites you, you'll receive all the same benefits as our regular Visa Platinum Rewards credit card.
Benefits
- Earn Rewards points, one for every dollar you spend.
- Redeem points for merchandise, gift cards, or cash
- Low APR
- No annual fee
- No balance transfer fee
- No cash advance fee
- No penalty "default" rate change for late payments
- Free Visa eStatements
- Use as an overdraft protection source
- Up to $1 million in Travel Accident Insurance
Open A Youth Credit Card
- No annual fee
- Lower limits to maintain spending
- Online banking
- Mobile banking
Learn more about our Visa Platinum Rewards credit card or apply online. You can also visit any of our branch locations or call us at (800) 972-0999 and we'll be happy to help.
1 Credit Card limit up to $300 on approved credit with a qualified adult cosigner.
2 Credit Card limit up to $500 on approved credit. Member may qualify for a higher limit with a qualified adult cosigner.
