Kids Savings Accounts
It all starts with savings.
AGES 0-12
A future for them. Confidence for you.
Give your kids a strong start with a savings account built for their future. It’s more than just a place to stash allowance—it’s a way to teach smart saving, goal setting, and financial confidence. And you can rest easy that the habits you help them build today will help them make big, incredible moves tomorrow!
Because You Are Enuff™ and so are they.
As a for-impact financial institution, we’re dedicated to putting the success of our Michigan members first. No matter how young or awesomely amazing they are. Tap to learn more about our for-impact purpose here.
Kids Savings Benefits
Earning, meet learning
Amazing kids deserve an amazing future.
Parental Control
An adult must be a joint owner, which means you have full control over the account. Including signing for all withdrawals and to cash checks.
Digital Banking
At CFCU, parents are at the wheel. Monitor and control your child’s account right from our full-featured digital banking portal or app—24/7.
Hands On Learning
With 50+ Student Run Credit Unions at schools across the state of Michigan, our Kids Savings Account is the homebase for participating students to save, learn, and earn.
Grow With Them
Not only does our Kids Savings Account grow their savings two ways with interest AND dividends, it also rolls over into a more capable teen account when they turn 13, automatically!
Kids Savings Account Details
The good stuff
Everything they need to grow—and then some.
Their financial foundation starts here
Built to grow from the beginning
- No maintenance fees
- No monthly fees
- No minimum to earn dividends
- Dividends compounded and paid monthly
- Full parental control, including digital banking support
- At age 13, automatically becomes a teen account
- Savings Only Debit Card with $60 ATM limit may be issued to parent or guardian—if requested
- Federally Insured by the NCUA up to $250,000 with additional Excess Share Insurance up to $100,000
- Just $5 and joint adult ownership to open!
Start with Savings
Ignite their Impossible Dreams
Teach healthy habits early for a strong financial future!
Student Run Credit Union
Earning while learning at school
To invest in the future of Michigan we’re giving students hands-on financial experience at 50+ schools across the state—and empowering them to run the whole show! Because when you build a more financially aware and stable generation, they’re more likely to build a stronger, more prosperous Michigan for us all.
Greenlight Debit Card & App
Greenlight Debit Card & App
Like a debit card with training wheels
Free* to CFCU members, Greenlight is a debit card designed for kids and students that puts parents in full control. Add allowance money to the card automatically with the Greenlight app, and even create chore lists that pay out as things get checked off! Parents can also monitor their student’s spending, with real-time notifications to keep you in the loop about their progress!
Kidpreneurs born here
The earlier they learn how to handle their money, the better off they’ll be. Tap to view all financial learning stories.
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5 Reasons Why Parents Love Student-Run Credit Unions at School
Big money lessons start small. Discover how student-run credit unions help kids build real-world money skills, boost confidence, and create healthy financial habits—right from their school!
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Learning Through Doing: The Power of Student Run Credit Unions
Our Student Run Credit Union members saved $47,782 in 2024! All while learning how to save, plan, and manage their money for an impossibly bright future. And that’s only the beginning...
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ESCOT Youth Development empowers young people in Westland and beyond through academic, athletic, and leadership programs. Their new student run lawn and snow removal business embodies these pillars while supporting community members unable to mow or shovel.
Kids, Teen & Young Adult Services
Grow with them
Because kids evolve as they grow, our financial tools grow with them. From easy beginnings to more full-featured accounts, we’re here to help you guide your family to a strong financial future.
Frequently Asked Questions
Kids Savings FAQ
What We Do
Making Impossible Dreams come true on the daily.
Wherever you are on your financial journey, you Belong here.
*CFCU customers are eligible for the Greenlight SELECT plan at no cost when they connect their CFCU account as the Greenlight funding source for the entirety of the promotion. Subject to minimum balance requirements and identity verification. Upgrades will result in additional fees. Upon termination of promotion, customers will be responsible for associated monthly fees. See terms for details. Offer ends 2/19/2028. Offer subject to change and partner participation.