Youth Accounts
Because they’re never too young to make smart money moves.
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All Star Savers
Open an account with just $5 and earn a generous APY plus your child gets bonus rewards when they reach savings milestones.
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Christmas Club
Your child can save for the holiday season throughout the year, earn a good APY, and then receive the money on November 1.
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Student Checking
Members ages 13 to 24 can learn how to make deposits, withdrawals, and transfers using Online and Mobile Banking, ATMs, and more.
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Certificates
If you want to teach your child the importance of saving for the future, you can deposit $500 and choose how long you want to let the money grow for them. Longer terms get higher rates!
Give your child the foundation of a healthy financial future.
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Competitive Rates
Our great rates mean your kids’ balances will grow right along with them.
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No Minimums + No Fees
Those are no fun! We want to encourage saving habits so we’ve removed the fees and minimum balances.
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Online and Mobile Banking Access
Parents can access accounts online and in the app. Plus, you have the ability to set up automatic or make one-time transfers from your account.
Compare your options:
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Best if you want:
Best if you want:
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Minimum Deposit
Minimum Deposit
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Dividends
Dividends
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Fun Extras
Fun Extras
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Eligibility
Eligibility
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Federally Insured by NCUA
Federally Insured by NCUA
All Star Savers
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Best if you want:
A perfect first savings account to teach good habits1
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Minimum Deposit
$5
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Dividends
0.75% APY2
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Fun Extras
Earn Milestone Rewards: $10 when the balance reaches $100 and another $10 when the balance reaches $500
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Eligibility
Kids 18 and under are eligible
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Federally Insured by NCUA
Christmas Club
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Best if you want:
Your child will learn about the power of saving for a specific goal (like toys)!
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Minimum Deposit
$5
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Dividends
0.10% APY2
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Fun Extras
Funds automatically transfer4 into Regular Share Account on November 1.
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Eligibility
All Telco members are eligible
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Federally Insured by NCUA
Student Checking
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Best if you want:
A checking account designed specifically for students
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Minimum Deposit
$5
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Dividends
0.50% APY2 on balances up to $10,000
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Fun Extras
Optional daily spending limits for parental peace-of-mind.
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Eligibility
Designed for members 13-24
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Federally Insured by NCUA
Certificates
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Best if you want:
To teach your child about investing and earning interest
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Minimum Deposit
$500
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Dividends
Varies, As High As 3.50% APY3
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Fun Extras
Kids will learn patience when it comes to saving and investing, and will love the excitement of watching their balance grow.
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Eligibility
All Telco members are eligible
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Federally Insured by NCUA
Resources to Help You Secure Your Child's Future
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Should You Open a Savings Account for Your Child?
Read our guide to figure out if now is the right time to open a savings account in your child’s name. Hint: It’s never too early to start saving!
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How to Save Money for Your Kids
Find out your savings and investment options so you can put money aside for your child’s college education or to secure their future, whatever they may choose to do.
Micah C., Credit Union Member since 2017I really enjoy my experience with Telco. Very friendly people to work with and they are a lot of help, which is great because I’m a college student! Thank you, Telco!
Youth Accounts FAQs
Upon the Minor’s 18th birthday, the All-Star Savers account will be closed and all funds will be transferred into the Regular Share savings account.
Upon (or shortly thereafter) the Primary Owner (Minor)’s 24th birthday, the Student Checking account will be converted to the Premier Interest Checking account product type.
The optional limits are a $300 daily spending limit and $100 daily ATM limit.
Open your Youth Account today
Disclosures
1 Must have a parent or legal guardian who is a Baton Rouge Telco member on the account.
2 APY = Annual Percentage Yield. Dividend rates are subject to change without notice. Dividends are posted monthly based on the daily balance and compounded monthly. Minimum opening balance of $5.
3 APY = Annual Percentage Yield. Dividend rates are subject to change without notice. Dividends are posted monthly based on the daily balance and compounded monthly. Baton Rouge Telco Federal Credit Union share certificate rates are variable rate accounts and are subject to change at any time. Rates are not guaranteed. Penalties for early withdrawals may apply.
4 $5 fee for early withdrawal.