Kid Checking & Savings Accounts

Set Your Child Up for Financial Success

From cradle to college, it’s never too early to start saving for your child’s future. With an account from The Summit, they’ll learn everything they need to start their financial journeys.

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Saving Accounts for Kids

Our youth savings accounts are an ideal place to establish and maintain good money habits.

Safari Club

Whether they’re managing an allowance, budgeting small purchases or trying to save up for something special, kids 12 and under can learn more advanced money concepts with a Safari Club savings account.

Forward Bound

For teens and students ages 13-17 with an allowance, earning their own money or just trying to save, the Reaching My Summit area on The Summit’s website is for them. It’s full of interesting tips about a wide range of subjects–from scams to watch out for to saving for college.

Here’s what you’ll need to open a Youth Account:

Be eligible for a Summit Membership

Find out if you’re eligible. If you’re not a member, join at the same time!

Complete Social Security Number

This is the child’s form of identification.

Completed Application

Fill it out in advance, mail it in, bring it to a branch, or apply online.

Youth Savings Accounts Rates

For month ending June 30, 2025
Earn dividends with at least a minimum daily balance of $0.01

Minimum Balance to Open	Minimum Balance to Earn Dividends	Rate	Annual Percentage Yield
$5.00	$0	0.050%	0.050%

For a full listing of our rates, see our Rate and Fee Schedule.

Ways to Save in 2025

January 29, 2025

By Dawn Kellogg One New Year resolution that is always at the top of my list is saving more. Whether I am looking at growing my emergency fund, or saving for a large purchase or vacation, at this time of year I traditionally make it a point to revisit my budget, to see where I […]

The Procrastinator’s Guide to Holiday Travel Savings

November 13, 2024

By GreenPath Financial Wellness Holiday travel season is near, and peak prices already tell that story: nearly 75% of Hopper customers say that as they book travel this year, they plan to spend the same or more than what they shelled out last year. If this sounds uncomfortably familiar, don’t panic! Even if you’ve waited until […]

Phone a Friend. Refer a Friend

August 26, 2024

How many times have you really enjoyed something, or found something works well for you? The first thing you want to do is tell someone, right? You want to share with friends and family so that they can enjoy those same things. Our members are our greatest ambassadors. Take this comment from a member, for […]

You’ve thought about money FOR college. Now think about money AT college.

August 21, 2024

College costs money. But while you’re calculating the expense of tuition, room and board, you can sometimes overlook the fact that you’ll usually need additional funds for things like supplies, transportation, and personal items (and maybe pizza).

Financial Tools to Set Up After College

June 13, 2024

You’ve just graduated from college. Congratulations! You are also embarking on a new chapter of your financial life. How you handle this next phase will determine your fiscal future in the long and short term. Here are three tools to add to your financial toolkit immediately.

Smart Parents Teach Their Kids These Financial Lessons – Part IV

April 1, 2024

By Dawn Kellogg Talking to your child about money does not have to be awkward. This series of blogs will help you navigate through the conversations and make them not only educational, but interactive and fun. Yes, money can be fun! Lesson #4: Don’t give in if kids spend all their money and need more! […]

Student Checking, Spend & Savings Accounts

Our Enhanced Checking and Digital Edge Spend Accounts¹ are an ideal place for students to start managing their spending money—with or without your help! These joint accounts give kids as much spending freedom as you’d like, while you get just the right amount of control.

No minimum balance requirement
No monthly service fees²
Debit card with card controls³
Free nationwide access to 55,000+ surcharge-free ATMs⁴
Text and email account alerts
Free Online and Mobile Banking⁵

Members can bundle their favorite products to get the most out of their membership with The Summit.

Youth Certificates – Get started with a minimum opening balance of $50. See our great rates!
Direct Deposit – Watch your money grow when you set-up direct deposit. Plus, get access to your money faster.
Overdraft Protection/ Line of credit⁵– Get peace of mind and flexibility to access funds when and if you need it.
Visa^® Credit Cards⁶ – Start building your credit and credit responsibility with small credit line.
Auto Loans at the dealer⁶ – Looking for the first car? We partner with over 300 dealers that you can get a Summit Auto loan right at the dealer. Start and finish the process in one spot!
College Loans⁶ – College can be stressful. We offer loan options to fill the gaps and help you succeed.
Visa^® Gift Cards – Not ready for a debit card? Use a Visa gift card to make online purchase or for those times when you don’t want to carry cash.

Ask a representative for more information today!

Answers to Your Money Questions

Check out Reaching Your Summit, an area of our website just for students and young adults. You’ll get tips on everything money, so you can make today brighter and have the financial future you want.

Learn More

College Financial Planning

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 our College Wise Loans.

College Savings Accounts

Start putting money aside for future college costs today with help from The Summit. Ask us about our tax-free investment options for your child’s future education expenses.

View Options

¹ To be eligible for the Digital Edge Spend Account you must be less than 27 years of age, enrolled in Electronic Statements, enrolled in Mobile or Online Banking, and must have an Active Debit Card (defined as performing a minimum of ten (10) Debit Card transactions posted during the month on the Digital Edge Spend Account). Members that no longer qualify for the Digital Edge Spend Account will be converted to the Enhanced Checking account (if under 27) or the Digital Freedom Spend Account (when turning 27) and no longer qualify for these fee exemptions.

² Must be age 22 or younger for exemption of Account Maintenance Fee unless you have the Digital Edge Spend Account. See Rate & Fee Schedule for details. 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.

^³ Card Controls: While your card is in temporary “off” mode most new purchases and ATM transactions will not be processed. Preauthorized transactions and authorized reoccurring transactions may be approved while the card is in “off” mode. You remain responsible for monitoring all transactions.

^⁴ A $2.00 fee will be charged for each ATM transaction at a non-Summit owned which exceeds the number of free transactions associated with your Member Benefit Level. See Rate & Fee Schedule for details. This is based upon the posting date of your transactions. If you use an ATM that includes a surcharge fee from that provider, you will be responsible for that fee. Please note: Withdrawals and inquiries count toward your monthly transaction limit.

^⁵ Mobile Banking is a free service available only with a Summit FCU Account. Your mobile carrier’s text messaging and data charges may apply.

^⁶ Subject to application and credit approval. Must be 18 years of age or older to apply.

Kids’ and Young Adult Accounts