group of children eating watermelon

Build Smart Money Habits Early With a High-Yield Savings Account

Start your child on the path to financial success with 5.00% APY on the first $500 saved.**
Contact Us Visit a Branch

Financial Foundations for Their Future

Give your child the tools they need to save and spend wisely. With a high-yield savings account and a free checking account* (available for children 13 and over), Service Credit Union helps young members build lifelong financial habits while giving parents the oversight they need.

Why Choose a Service Credit Union Primary Savings Account?

  • Earn 5.00% APY on the first $500 saved**—watch their savings grow!
  • Parental controls with My Cards—set spending limits and monitor transactions in real time.
  • Hands-on financial learning—from first savings goals to responsible spending.

It’s never too early to start building strong money habits. Open a savings account for your child by calling 800.936.7730 or visit your local branch.

More Than Just an Account

Give your child the right tools for financial success with these exclusive benefits.
My Cards

My Cards

Set spending limits and monitor transactions in real time to teach kids financial responsibility while giving you peace of mind.

Learn More
Bite of Reality

Bite of Reality

Interactive financial literacy events make learning real-world money management fun and engaging for kids.

Learn More

Savings Accounts FAQs

How do I open a savings or checking account for my child?
Visit a branch or call 800.936.7730 to get started. A parent or guardian must be present for minors under 18.
What is the age requirement?
  • Primary Savings: Open to all ages.
  • Everyday Checking: Available for ages 13 and up. A joint owner is required for account holders 13 through 17 years old.
Are there any fees?
No! These accounts come with no monthly fees and no minimum balance requirements.
How does the 5.00% APY work?
You’ll earn 5.00% APY on the first $500 in your Primary Savings. Anything over that earns a variable 0.25% APY.**
*Must be at least 13 years old with a qualified joint owner over the age of 18 to open a free everyday checking account.

**Annual Percentage Yield (APY) is accurate as of the last dividend declaration date of 7/01/2025 and subject to change without notice. Dividends paid on daily balances of up to $500; variable APY of 5.00%. If actual daily balance exceeds $500, the remaining balance will receive variable APY of 5%-0.25%. Dividends are calculated based on the daily balance with the sum of the daily earnings credited on the last day of each month. Must be a member of Service CU or establish membership with $5 in a Primary Savings Account.