a man and woman walking with children

Kids Savings Accounts

An Early Saver account makes it easy and rewarding for kids and teens under 18 to start saving today.

Join BECU & Apply

Early Saver Account Rates

APY Effective 5/14/2026*

5.12
%
APY

Early Saver

On the first $500

0.20
%
APY

Early Saver

$500.01+

See Account Disclosure for details

Illustrated icon of a female Video Banking operator
Questions?
Illustrated icon of a female Video Banking operator
Make an appointment

Start Your Child's Savings Strong With Early Saver

Empower your child to build strong financial habits early. Whether you are looking for a first children's savings account or a way to grow their existing funds, Early Saver1 is a great way to help set kids up for a lifetime of financial well-being and money smarts and the best time to get started is now.

Higher interest rates on the first $500 saved

If you are looking for a kids savings account with great interest rates, an Early Saver account can help. We offer a premium Annual Percentage Yield (APY) on the first $500 deposited. This tiered structure means they earn a higher return on their initial savings, helping them see the immediate benefits of putting money away.

More savings for your child without the hassle

Banking with BECU comes with few fees and competitive rates:

  • No monthly maintenance fees
  • No minimum balancer equirements
  • Higher savings rates on the first $500
  • Federally insured by NCUA up to $250,000 per account ownership and category

Savings Accounts for Kids and Teens Under 18

A BECU Early Saver account helps kids and teens under 18 build smart saving habits from an early age. Whether your child is taking their first steps or gaining more independence as a teen, Early Saver supports their journey toward a bright financial future.

Features for Parents: Manage your kid's savings account

We know that teaching kids about money is a team effort. That's why our kids savings accounts are easy to open and maintain.

Features Ages 0-12 Ages 13-17
Monthly Maintenance Fee
$0
$0
Minimum Deposit to Open
$0 ($10 if online)
$0 ($10 if online)
Interest-Bearing?
Yes—Higher rate on first $500
Yes—Higher rate on first $500
Free ATM Card
Yes
Yes
Free Debit Mastercard With Fraud Protection2,3
Yes (when linked to a BECU checking account)
Yes (when linked to a BECU checking account)
Nationwide Access to Over 77,000 Surcharge-Free Network ATMs
Yes
Yes
Free Online Banking4
Parents can access free Online Banking, but this feature is unavailable to the minor5
Yes
Free Mobile Banking4
Parents can access free Mobile Banking, but this feature is unavailable to the minor5
Yes
Free Zelle Usage
No—Zelle is unavailable to members under 135
Yes
Free Access to Zogo Financial Education
Yes
Yes
Upon Reaching Maximum Age
Age 13-17: Continues to be an Early Saver account
At age 18: Converts to Member Share Savings or Member Advantage Savings, depending on qualifications

Open a Kids Savings Account

Video Banking icon
Video Banking
Meet face-to-face with a BECU Video Banking Consultant on-demand.
Calendar / Date
Schedule an Appointment
Set up an appointment with a Member Consultant on a day and time that works best for you.
an icon of an envelope
Mail In Your Completed Application
PO Box 97050
Seattle, WA 98124-7650
Questions? Give us a call at 800-233-2328.

See How Savings Can Grow


With a beginning balance of $5, a monthly deposit of $40 (approximately $10 a week), and an expected rate of return of 6.17% APY, you would save approximately $501 in one year!

Try it for yourself using the calculator below.

FAQs About Kids Savings Accounts

You will need:

  • Child's Social Security number
  • Current picture identification for the parent/guardian
  • Current picture identification or birth certificate for the minor (if available)

It's never too early to open an Early Saver account for your child. Start saving when they're a baby and watch their money grow with them. An Early Saver account must be co-owned between one child under 18 years old and one adult who is the child's parent or legal guardian.

The Early Saver account automatically converts to a Member Share or Member Advantage savings account. The young adult can choose to keep the parent as a joint owner or transition to a fully independent account.

BECU offers Early Saver savings accounts for qualifying kids and teens under 18. For teens ages 13 to 17, we also offer a standard joint checking account that pairs with the Early Saver savings account to introduce everyday spending tools.

Yes. Deposit accounts at BECU are federally insured by the National Credit Union Administration (NCUA) up to $250,000 per depositor, per account category, and coverage is automatic.

Kids Savings Resources

A savings account is just the beginning of developing lifelong money habits. With tools and resources available to members, BECU is here to help you build lasting financial health.

Rates stated as Annual Percentage Yield (APY) and are subject to change. Fees may reduce earnings.See Account Disclosure for details.

1Early Saver accounts must have a parent or legal guardian as the joint account holder.

2To open a checking account for a minor, you must establish membership by opening an Early Saver account, and a parent or legal guardian must be a joint account holder. A checking account is required to obtain a debit card.

3To learn more about card benefits, view the Mastercard Guide to Benefits.

4Mobile and internet carrier charges may apply for Online and Mobile Banking usage.

5Due to the Children's Online Privacy Protection Act (COPPA), members must be at least 13 years old to access Mobile Banking, Online Banking, Zelle, and eStatements.