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.
Fun & Engaging Rewards
Accounts That Grow With Them
Low Barriers to Start Saving
Member-Owned Credit Union Values
Youth Account Options
One Start Youth Savings
Start their saving journey!
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 17 can access the One Start Youth Savings. Their accounts may be opened with as little as $5. Savings up to $5,000 earn 3% APY. Savings over $5,000 earn the normal share dividend amount as our other Energy One savings accounts.
- Ages 17 and younger
- $5 minimum opening deposit per member
- Joint acount with parent or guardian
- No monthly fees
- No minimum balance
- Divend-earning savings
- Online & mobile access with both parent and youth visibility into the account
- Eligible for incentives (birthday deposits, savings rewards, and more!)
One Step Youth Spending
Thank the next step with spending.
Energy One values our relationship with our young adult members, and we enjoy helping them build a strong financial base. Members aged 7 to 17 may open a One Step Youth Spending account, paired with their One Start Youth Savings account. 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.
- For students aged 7 to 17
- $25 minimum to open
- Must be paired with One Start Youth Savings account
- Debit card with parental oversight; Card Suite Lite registration required
- Online & mobile banking tools
- Transaction alerts & monitoring
- No overdraft decline at point of sale
- No monthly fees
- Debit Card Limits:
- 7-12 years of age: $200 at POS and $100 at ATM
- 13-17 years of age: $400 at POS and $200 at ATM
Compare
Minimum to Open | Minimum to Earn Dividends | Rewards & Incentives | Financial Education | |
Energy One Credit Union | $5 | $0 | | |
Local Bank Youth Savings | $25+ | $100+ | | |
National Bank Youth Savings | $50+ | $300+ | | |
Online Bank Youth Savings | $0–$25 | $0 | | |
FAQs
Do parents need to be on the account?
Yes. A parent or guardian must be a signer on student accounts until the member turns 18.
Can teens have a debit card?
Student Checking accounts may include ATM or Visa® debit card access with application and approval.
Do youth accounts earn dividends?
Yes. Youth savings accounts earn dividends on qualifying balances.
How much do I need to open a One Start Youth Savings account?
A minimum deposit of $5 is required to open a One Start Youth savings account.
Who is eligible for youth accounts?
Children and grandchildren of current Energy One members are eligible for youth membership.
Become a member today.
Get started by opening a free checking account online today.
