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Teen Savings Accounts

Stack cash, gain independence.

If you’re reading this, you’re ahead of the curve

Nice work. You're already thinking about saving—that's a smart move. Whether you're stashing cash for your first car, college, or just a rainy day, we make it easy to start. With simple tools and no unnecessary fees, you’re in control of your future—because smart money moves start now.

Because You Are Enuff, we’re here for you. 

As a for-impact financial institution, we’re dedicated to putting your success first. No matter who you are, where you’ve come from, or what you’re dreaming of, we’ll walk with you to help you get there. Tap to learn more about our for-impact purpose here. 

Teen Savings Benefits

Freedom to save

Set yourself on the path future-you will appreciate.

Digital Banking 

Like a branch right on your phone, you can track, access, and control your account through our app or web portal.

No Monthly Fees

Your money should be your money, so we don’t charge any monthly or maintenance fees that steal your hard-earned cash. All it takes is $5 bucks to become a member and get started!

Two Ways to Earn 

Your Teen Savings Account grows your savings two ways—with interest AND dividends! (Dividends are earnings that we share with our members as a reward for keeping your money with us!) It’s just one more benefit of being a credit union member at CFCU.

Grow Your Change

Turn spare change into savings, automatically! Connect your CFCU teen savings and checking with Grow Your Change to round up your spare change to the nearest dollar and deposit it right into your savings. It’s an easy way to save more every time you make a purchase with your CFCU debit card.

Teen Savings Account Details

The good stuff

The next step to financial freedom: No parent joint ownership required.

Available from ages 13 to 23, and always monthly-fee free.

Grow your cash and fund your future

  • No maintenance fees
  • No monthly fees
  • No minimum to earn dividends
  • Dividends compounded and paid monthly
  • Digital banking controls
  • Federally Insured by NCUA up to $250,000 with additional coverage up to $100,000 from ESI Corporation
  • Just $5 to open!

Start Your Savings Journey

Open your teen savings account

Teen Checking Account

A young woman on her phone

Ready to level up? Add a Teen Checking Account

Contact Us

Need a hand getting set up?

All good. We’re here to help!

Call our Care Center

Have a question or need a little guidance? The friendly folks in our Michigan-based Care Center are here to help!

Book an Appointment

We’ll meet you on your terms. Schedule an appointment via phone, zoom meeting, or in a branch!

Find a Branch

See all the communities we serve across our great state of Michigan. Stop in, we’ll be happy help!

Use Digital Banking

If you’re already a member, you can set up and manage some features of your child’s accounts right from our digital banking portal and app!

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Kids, Teen & Young Adult Services

Ope! Not a teen?

Not a member yet?

What We Do

Making Impossible Dreams come true on the daily.

Wherever you are on your financial journey, you Belong here.