Youth Savings & Student Accounts at Energy One
Building strong money habits starts early. At Energy One Federal Credit Union, our youth savings and student accounts help kids and teens learn how to save, spend, and manage money with confidence, while parents enjoy peace of mind knowing their future is protected.
Benefits
Designed to help children and students build lifelong financial skills. Learn what parents should know about student checking.
Early Financial Education
Fun & Engaging Rewards
Accounts That Grow With Them
Low Barriers to Start Saving
Member-Owned Credit Union Values
Student Checking Account Options
Kid’s Cash Club Savings Account
Energy One is also here to serve the families of our members. The children and grandchildren of current members are eligible for membership. Members under the age of 15 belong to the Kid’s Cash Club. Their accounts may be opened with as little as $5, and they earn dividends on balances of at least $25. They receive a birthday card and a special gift every year!
Also, for every deposit of at least $5 into their account, they are automatically entered into quarterly cash drawings! This youth savings account shows kids the importance of managing money and makes them feel good about having something of their own!
- Ages 14 and younger
- $5 minimum opening deposit per member
- $25 minimum daily balance to earn dividends
- Dividends compounded quarterly
- Quarterly drawings for cash prizes
- Annual birthday gifts
E1 Student Checking
Energy One values our relationship with our young adult members, and we enjoy helping them build a strong financial base. Members aged 15 to 17 may open a checking account with their parent or guardian’s permission. The parent or guardian must be a signer on the account until the member is 18, so this is the perfect time to teach teens how to use a checking account properly. This youth savings account can be used to the age of 25 as long as the member is a student, and can include an ATM or debit card, upon application and approval.
- For students aged 15 to 24
- $50 minimum to open
- No minimum balance
- No service charge
- Unlimited check writing
- Free starter kit of checks
- Free online bank
- ATM and Visa debit card available
Compare
Minimum to Open | Minimum to Earn Dividends | Rewards & Incentives | Financial Education | |
Energy One Credit Union | $5 | $25 | | |
Local Bank Youth Savings | $25+ | $100+ | | |
National Bank Youth Savings | $50+ | $300+ | | |
Online Bank Youth Savings | $0–$25 | $0 | | |
FAQs
Yes. A parent or guardian must be a signer on student accounts until the member turns 18.
Student Checking accounts may include ATM or Visa® debit card access with application and approval.
Yes. Youth savings accounts earn dividends on qualifying balances.
A minimum deposit of $5 is required to open a Kid’s Cash Club savings account.
Children and grandchildren of current Energy One members are eligible for youth membership.
Get Started
Give your child or student a strong financial foundation with Energy One.
Become a member today.
Get started by opening a free checking account online today.
