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Set Your Child Up for Financial Success

$5 bonus when you open a youth savings account1

Youth Saving Accounts for Kids

From cradle to college, it’s never too early to start saving for your child’s future. Our youth savings accounts can help your kids establish good money habits. Plus, there is no account maintenance fee.3

safari club

Safari Club

Whether they’re managing an allowance, budgeting small purchases or trying to save up for something special, kids under 12 can learn more advanced money concepts with a Safari Club savings account. For this age group, the Safari Club Newsletter introduces financial responsibility in a fun way, while parents get tips on how to reinforce what kids learn.

forward bound

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.

Youth Savings Accounts Rates

For month ending March 31, 2024
Earn dividends with at least a minimum daily balance of $0.01

Minimum Balance to Open
Minimum Balance to Earn Dividends
Annual Percentage Yield

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

summit membership

Confirm Eligibility

Find out if you’re eligible for membership based on where you live, work, or worship. If you’re not a member, join at the same time!

social security check

Complete an Application

Apply online, schedule a Zoom appointment, or fill out the form and mail, or bring into a branch.


Come Prepared

Open with just $5 and your child’s full Social Security Number. This is the child’s form of identification.

A Summit Youth Account + Your Child = A Smart Investment in Their Future

Enjoy Convenient Account Access

Teach the Value of Saving

Access to Newsletters & Blogs

Youth Accounts Inquiry

    The Summit is federally insured by the National Credit Union Administration. Membership eligibility required.

    1. Bonus of $5, paid within 7-10 business days of account opening, will be deposited into the savings account required for membership. Offer applies to new Safari or Forward Bound accounts for ages 0 through 17 only. Youth accounts must be opened between 4/1/2024-4/30/2024. Bonus will be credited to the account at opening. Offer limited to members that have not had a youth account in the past 12 months.

    2. No purchase or obligation necessary to enter or win. All entries have an equal chance of winning. You may also enter the raffle by sending a self-addressed, stamped envelope to The Summit Federal Credit Union, Canal Ponds Business Park, 100 Marina Drive, Rochester, NY 14626 and clearly mark “2024 Youth Savings Account Raffle” on the outside of the envelope. See Official Drawing Rules for details.

    3. 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.