Kids & Teen Savings Accounts
Set your youngsters and teens up for a life of financial independence, smart spending and even smarter saving. Children under 17 can become a member, so why not introduce them to the savings habit today? To open an account be sure to have their Social Security Number and a copy of their birth certificate handy.
- Just $5.00 minimum to open and maintain to earn interest
- No monthly fees
- Free eStatements and Online Banking
- Easy to set up and earn interest
- Free financial education
- Free college planning resources to help students and parents prepare for a successful journey
Effective as of 11/01/2024*
Kids & Teen Savings Accounts
| Account | Dividend rate | APY* |
|---|---|---|
| Cub Savings1 | 0.15% | 0.15% |
| Cubby Certificate2 | 4.89% | 5.00% |
| iPlus Youth Savings | 0.15% | 0.15% |
| iProsper Teen Savings Savings | 0.15% | 0.15% |
Learn more by visiting our Truth-in Savings Disclosure.
Cub Account (newborn – 10 years old)
Super money powers for little superheroes.
We’ve teamed up with the Berenstain Bears® to help teach children the money management concepts of Save, Share, Spend and Earn. Our Cub Account members can earn a great rate of 5.00% APY2 on the 12-month Cubby Certificate as a reward for saving their money with PFCU.
Every year your child will receive a birthday present and quarterly newsletter in their inbox or mailbox! Plus, inside their welcome sling bag, they’ll receive:
- A special Cub Account Membership Card
- A copy of The Berenstain Bears® Visit the Credit Union book
- Berenstain Bears® Piggy Bank (at branch only)
- Fun bookmark
- Coloring pages & pencils
iPlus Youth Savings Account (11-12 years old)
For future financial independence.
A regular savings habit is one of the best starts in life you can have. It’s one of the first big steps towards helping you to make important decisions and plan for your future. Little by little, you can watch your money grow!
- $5.00 minimum to open
- Free eStatements and free Online Banking
iProsper Teen Account (13-17 years old)
Be money savvy.
Save your pocket money or anything you earn from your part-time job. Then manage your money on your terms. Comes with a Visa debit card so you can learn how to budget and spend wisely.
Savings
- $5.00 minimum to open
- Access to your funds with a free Visa debit card
- Free direct deposit
Free Interest Plus Checking
- No minimum balance to maintain
- Earn interest with a minimum balance of $500
- Free Online and Mobile Banking with mobile deposit
- Access funds with a free Visa debit card at ATMs and Point-of Sales (POS) machines3
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Need more information?
Connect with a PFCU Member Consultant, by scheduling an appointment, video chat, email, or phone.
Financial Health Check
Looking for freedom from debt and money worries? You’re in the right neighborhood. We’ll help you create a realistic budget, build achievable goals, and reduce high-interest debt.
*APY (ANNUAL PERCENTAGE YIELD). Dividends will be compounded and credited monthly. For dividend bearing accounts, the Dividend Period begins on the first calendar day of the period and ends on the last calendar day of the period. The Credit Union is federally insured by the National Credit Union Administration. Credit Union membership is required before utilizing any product and/or service by establishing a savings account with $5.00.
1Cub accounts are only available for members 10 years old or younger. When the account owner reaches 11 years old, the Cub account will be automatically converted to an iPlus account.
2APY (ANNUAL PERCENTAGE YIELD). Cubby Certificate Features. Cubby Certificates are only available for members 10 years old or younger who also have a Cub Account. Estatements are required for Cubby Certificates. Only one Cubby Certificate is available for each member. Deposits will be permitted until the $500.00 maximum balance; after that, no new funds may be deposited to a Cubby Certificate. The maximum balance for Cubby Certificate is $500; no deposits in excess of that amount will be permitted. The rate applies only to deposits of new funds; it does not apply to transfers of funds from another account within the credit union. Funds deposited from within the credit union will earn the same dividend rate and APY as Cub Account. Cubby Certificate balances of up to $500 will earn the dividend rate for the 12-month Certificate term. After the 12-month term the Certificate will be transferred into the Cub Account and will earn the same dividend rate and APY that applies to Cub Accounts. Dividends earned on the Cubby Certificate will be deposited into the Cub Account.
The Credit Union is federally insured by the National Credit Union Administration. Credit Union membership is required before utilizing any product and/or service by establishing a savings account with $5.00.
Dividends will be compounded and credited monthly. For dividend bearing accounts, the Dividend Period begins on the first calendar day of the period and ends on the last calendar day of the period.
Learn more by visiting our Truth-in Savings Disclosure.
3Based on qualifications. ATM withdrawal limit of $505 and POS limit of up to $2,500 based on certain criteria.