Youth Savings Account

The sooner your kids start saving, the sooner they can secure their future!

Generous Rates
Your child can watch their savings grow just as they grow taller.
Good Practice
Your child will learn the benefits of saving and waiting for future rewards.
No Monthly Fee
Plus there’s no minimum balance once you make your opening deposit.
Easy Access
Use Online and Mobile Banking to see balances and make transfers.

Our All Star Savers Account Is Built for Kids

We created this account just for kids under 18 so they can get off to the right start on their savings journey, whether you’re a parent opening the account on behalf of a small child, or the child is old enough to be asking for an account of their own.

Opening deposit of just $51
No monthly fee and no minimum balance
Earn 0.50% APY2
Get $10 Milestone Rewards when your child saves up $100 and again when they reach $500

Open an Account

See More Savings Calculators

Step1 Parent Joins Us
The child’s parent or guardian must be a member of Baton Rouge Telco – joining is simple.
Step2 Apply Online
Click apply and tell us what youth savings account you want to open for your child.
Step3 Deposit and Earn!
Make the minimum deposit into your child’s account and start earning dividends!

Get Started

Opened my first checking/savings accounts here. Always friendly and quick service.

Kaylie, Baton Rouge, LA

We have three great savings accounts for your kids to choose from, depending on their goals. They can earn interest on deposits, save up for the holidays, or stash some cash away for long-term gains.

Best if you want:

Best if you want:
Minimum Deposit

Minimum Deposit
Dividends

Dividends
Fun Extras

Fun Extras
Eligibility

Eligibility
Federally Insured by NCUA

Federally Insured by NCUA

All Star Savers

Best if you want:

A perfect first savings account to teach good habits¹
Minimum Deposit

$5
Dividends

0.75% APY²
Fun Extras

Earn Milestone Rewards: $10 when the balance reaches $100 and another $10 when the balance reaches $500
Eligibility

Kids 18 and under are eligible
Federally Insured by NCUA

Christmas Club

Best if you want:

Your child will learn about the power of saving for a specific goal (like toys)!
Minimum Deposit

$5
Dividends

0.10% APY²
Fun Extras

Funds automatically transfer⁴ into Regular Share Account on November 1.
Eligibility

All Telco members are eligible
Federally Insured by NCUA

Student Checking

Best if you want:

A checking account designed specifically for students
Minimum Deposit

$5
Dividends

0.50% APY² on balances up to $10,000
Fun Extras

Optional daily spending limits for parental peace-of-mind.
Eligibility

Designed for members 13-24
Federally Insured by NCUA

Certificates

Best if you want:

To teach your child about investing and earning interest
Minimum Deposit

$500
Dividends

Varies, As High As 4.00% APY³
Fun Extras

Kids will learn patience when it comes to saving and investing, and will love the excitement of watching their balance grow.
Eligibility

All Telco members are eligible
Federally Insured by NCUA

Get Started

We offer three accounts so you can get what you need and your child can get what they want!

Choose our All-Star Savers if your child wants to make regular contributions of any amount, any time, and make up to four fee-free withdrawals per month. Open with just $5.

Choose a Christmas Account if you want to give your child practice saving up for something special during the holiday season, or something big like a bicycle or electronic device. Open with just $5.

Choose a Certificate Account if you want to make a single deposit of at least $500 and then your child can watch the money grow over time while resisting making withdrawals.

Upon your child’s 18th birthday, the All-Star Savers account will be closed and all funds will be transferred into a Regular Share savings account.

Both children and adults may hold a Christmas Club Account so the account can roll over when your child turns 18, and funds will be deposited into their Regular Share savings account on November 1 in time for the holiday season.

Your child’s Certificate accounts may also roll over when they turn 18 and they can access the funds at the planned maturation date.

Our All-Star Savers account allows you to make four withdrawals per month without penalty. There is a $3 fee per additional withdrawal, which is designed to encourage your child to keep saving.

The Christmas Account funds will be automatically deposited into your child’s savings account on November 1 and there is a $5 fee for early withdrawal.

For Certificates, there is a penalty of three months’ dividends for early withdrawal from certificates of one year or less, and a penalty of six months’ dividends for certificates of two years or more.

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.