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The kids bank account that pays.

Jumpstart their savings with all of the fun and none of the fees. Our Kids Savings Account helps youth get on the right financial track!
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YOUTH/KIDS/TEEN SAVINGS RATES

1APY – Annual Percentage Yield. Rates may change after the account is opened. Terms, conditions, and services are subject to change without notice. Fees could reduce earnings on the account. Certain restrictions may apply. Subject to membership eligibility.

Rates as of: February 1, 2024
Account Balance
Min Balance to Receive Dividends
DIVIDEND RATE
APY1
Account Balance
$5 - $99.99
Min Balance to Receive Dividends
$5.00
DIVIDEND RATE
0.25%
APY1
0.25%
Account Balance
$100 - $4,999.99
Min Balance to Receive Dividends
$5.00
DIVIDEND RATE
0.50%
APY1
0.50%
Account Balance
$5,000+
Min Balance to Receive Dividends
$5.00
DIVIDEND RATE
0.75%
APY1
0.75%

1APY – Annual Percentage Yield. Rates may change after the account is opened. Terms, conditions, and services are subject to change without notice. Fees could reduce earnings on the account. Certain restrictions may apply. Subject to membership eligibility.

Start your Youth Savings Account application

Best Savings Account for Kids

Start teaching them good financial habits that will last by opening a Youth Savings Account. Help your kids (or grandkids) learn about saving, spending, sharing, and earning all while setting them up for financial success!

Father and children put money in a piggy bank savings account for youth savings account at PCU

Get $50 for Opening

We love to help kids save. That's why we deposit the first $50 to every Youth Savings Account!2

Free Coin Counter

Because every penny counts, at PCU, we send home a free coin counter with every kids bank account!

Low Minimums

Why wait? With just $5, start teaching your kids the value of money when you open a Youth Savings Account!

Earn Dividends

Teach them about earning. Our Kids Savings Account earns dividends even at the minimum balance of $5!
Open Savings Account

What is needed to open a kids bank account?

We want to help kids develop smart, healthy financial habits, so we make it easy to open a Youth Savings Account at PCU.  Just have the following during account opening:

  • Adult: A parent, guardian, or adult relative must be present to open a Kids Savings Account in any of our local branches.
  • Identification: We'll ask for the child's personal information, including their social security number. As joint owner, you'll also need your photo ID.
  • Deposit: Our Kids Savings Account only requires a $5 minimum opening balance!
Start Saving Today
Teenager and mother discuss youth savings account at CCCU
BV29_brother_piggy_bank-02

The Berenstain Bears® Cub Account

The Berenstain Bears® Cub Account is a savings account specifically designed for kids aged 10 and younger.

The program teaches your child the money management concepts of Save, Share, Spend and Earn so they can grow to make smart financial decisions!

Cub Account members receive a free swag bag filled with Berenstain Bears® surprises, as well as a birthday gift every year.

Learn More About Cub Account
PCU Budgeting Tips and Tricks Guide Cover

Start building your perfect budget today!

Our Budgeting Tips and Tricks: Quick Solutions to Start Saving Today guide provides everything you need to build your perfect budget and start saving money today.

Ready to get started? Download your guide now:

What our members are saying:

“Thank you for making the whole process so easy and less stressful!”

Maria P. Member Since 2017

“Customer service is always so wonderful any time I have to interact with a representative! I appreciate how quick the loan officers and underwriters work to process all of my applications! Best credit union EVER!”

Edlyn C. Member Since 2018

“Amber was terrific! Really enjoyed working with her. Everything moved extremely fast! Thanks so much!”

Barbara G. Member Since 2019

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FAQs About Kids Savings Account

What happens to a Youth Savings Account once the minor turns 18?

Once the minor turns 18, the money in their Youth Savings Account will be transferred into a Primary Share Savings Account and their Youth Savings Account will be closed. 


With their own Primary Share Savings Account, they will gain access to all the valuable products and services we offer that help our members reach goals at various life stages.

Is there a minimum account balance for a Youth Savings Account?

Yes, there is a minimum $5.00 membership deposit to open and maintain a Youth Savings Account. 

Can you open a Youth Savings Account online?

No, a Youth Savings account cannot be opened online. Please contact a PCU Member Advisor to open this particular account. You'll need the child's personal information, including their Social Security Number.

How can I contribute to my child/grandchild's savings?

As a joint owner on the account, you have the option to set up recurring deposits and help them save. You could also visit the credit union each month to make a deposit together!

DISCLOSURES

2 Account must be opened for a new member age 17 and under. A $50.00 savings incentive will be deposited into the account within five business days of account opening. Incentives received are subject to IRS 1099-INT reporting. Membership eligibility is required. All new accounts are subject to CCCU standard account membership terms and disclosures. We reserve the right to change or end this promotion at any time.

We do not knowingly market to children online, and we do not knowingly solicit to or collect data from children under 13 without express parental consent or notification. We recognize that protecting children's identities and their online privacy is important. If you believe your child has provided personally identifiable information to us, please contact the credit union so we can allow you the opportunity to review the information and request we delete it.

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© Providence Credit Union 2025 | 9205 SW Barnes Road Portland, OR 97225 | Routing #: 323075136

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Providence Credit Union (PCU), Consolidated Community Credit Union (CCCU) and CCCU Cascade are all trade names or registered service marks of Consolidated Federal Credit Union. Although these branches have different names, they are all part of the same credit union; shares and deposits held at each office are not separately insured.

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