YOUTH ACCOUNTS
Allegent offers a broad range of products and services to meet the needs of our members. Whether you want to open your first checking account, want to start building credit, are ready to buy your first home, or want to start investing for retirement, we can help you reach your financial goals.
Youth Savings
Allegent’s Youth Savings Account is available to children under the age of 18 and offers a fun and exciting way for kids to learn about personal finances while encouraging savings.
A minimum deposit of $5.00 is required to open this account. There are no monthly service charges, and dividends are paid monthly and calculated on an average daily balance of $5.00 or more. Click the button below to view current savings rate.
Visit an Allegent branch to open a Youth Account today. For more information, call (412) 642-2875 or email memberservices@allegentfcu.org.
GET YOUR LITTLE DUCKS IN A ROW!
Start their savings journey with just $5! Designed for children under 18, an Allegent Youth Savings Account offers monthly dividends and no monthly service charges to help every little deposit go further.
6-MONTH YOUTH SAVINGS SPECIAL | Balances up to $4,999.99 earn 4.00% APY*
*APY = Annual Percentage Yield. The 6-month Youth Savings Account will earn a dividend rate of 3.95% with an APY of 4.00% up to $4,999.99. Balances $5000 and over earn a dividend rate of 0.05% with an APY of 0.05%. Primary account owner must be under 18 years of age; parents or guardians may be joint owners of the account. Youth Savings Account must be opened in a branch; not available online. Upon the accountholders 18th birthday, the Youth Savings Account funds on deposit will be automatically transferred to their Primary Membership Savings Account. This offer cannot be combined with any other offer. A minimum balance of $5.00 must be maintained to earn the stated APY. Rates are subject to change without notice. Offer may be discontinued at any time. Membership Eligibility Required. Federally Insured by NCUA.
PADDLE INTO MORE SAVINGS!
Give your child’s savings a boost with a Youth Share certificate.
With as little as $100, you can lock in a guaranteed rate while helping your child grow their savings, build smart money habits, and create a nest egg for the future.
6-MONTH YOUTH Certificate | 4.00% APY*
* The 6-month Youth certificate will earn a dividend rate of 3.97% with an APY of 4.00%. Penalty for early withdrawal may reduce earnings. This offer cannot be combined with any other offer. Primary account owner must be under 18 years of age; parents or guardians may be joint owners of the account. A minimum balance of $100.00 must be maintained to maturity to earn the stated APY. Youth Certificate Accounts must be opened in a branch; not available online. Offer may be discontinued at any time. Offer valid for consumer certificates and IRA certificates only. Conditions exist - contact a member service consultant for more information.
Youth Checking
Minors can be on a checking account with a parent or legal guardian and receive a debit card at the age of 14.