Checking & Savings > Savings Accounts

Youth and Young Adult Programs

Teach kids about money with a youth account from The Summit.

Start a foundation of lifelong financial responsibility and knowledge with The Summit’s programs designed just for kids, teens and young adults. Teach your child about earning interest and tips to start healthy savings habits.

Youth Program Savings (Ages 5-17)

Helping Young Members Save

Our updated youth program helps young members establish good money habits. Each member 5-17 is automatically enrolled in the appropriate group:

Safari Club Jr., Ages 5-8

The Safari Club Jr. Newsletter has activities for young children and tips for parents.

Safari Club, Ages 9-12

Kids learn smart savings practices in the Safari Club Newsletter, which also has tips for parents.

Forward Bound, Ages 13-17

The Forward Bound newsletter teaches older kids financial responsibility.

Forward Bound members can also take advantage of direct deposit, checking account with Visa® Debit Card1, and free Online and Mobile Banking2.

Prizes

Members up to age 12 use their Safari Club Card to earn prizes chosen on the prize order form.

Stay tuned for a new card and prizes for all three program age groups.

Youth Program Savings Account Rates

With no account maintenance fee.4
For month ending April 30, 2021

Minimum Balance to Open
Minimum Balance to Earn Dividends
Rate
Annual Percentage Yield
$5.00
$100
0.030%
0.030%

Start Smart Age 18+

There is no account maintenance fee for members 22 and younger.4
A package of products and services to prepare young adults for financial independence. Members 18 and up may choose direct deposit, checking with Visa® Debit Card1, Overdraft Protection/Line of Credit3, Visa® Credit Card3, Summit Expresssm Auto Loans3 and Sallie Mae Smart Option Student Loans®. They can use free Online & Mobile Banking2 and Live Chat.

Start Smart Savings Account Rates

For month ending April 30, 2021

Minimum Balance to Open
Minimum Balance to Earn Dividends
Rate
Annual Percentage Yield
$5.00
$100
0.030%
0.030%

For more information on our Start Smart program, visit any branch or call our Member Service Center at (585) 453-7000 or (800) 836-SFCU or email us.

Want even more options to help save money for college?

Learn more about tax-free investment options the for your child’s future education expenses.

View Investment Accounts

More Ways We Can Help with Education

Scholarship Programs

The Summit is proud to participate in two annual scholarship programs. Visit Other Benefits for details.

Student Loans

To help with educational expenses, The Summit also offers the Sallie Mae’s Smart Option Student Loan® and our College Wise Loans.

College Savings Accounts

Start putting money aside for future college costs today with help from The Summit.

View Options

1 Must be 18 years of age or older to open a checking account, or have an accompanying joint member on the account who is 18 years of age or older.

2 Summit Mobile Banking is available only with a Summit FCU Account. To use Mobile Banking you are required to subscribe to a data plan through your wireless provider. Check your plan or contact your wireless provider if you aren’t sure whether additional fees might apply.

3 Subject to application and credit approval. Must be 18 years of age or older to apply.

4 Must be age 22 or younger for exemption of Account Maintenance Fee.