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Fraud warning: Some members have received text messages claiming to be from Stanford FCU asking to confirm suspicious charges. Do not click on the link! These messages are not from us and the link does not go to our website. If you’re unsure about a message or want to check your accounts, please call us at 888.723.7328.

Alert Notification Icon

Fraud warning: Some members have received text messages claiming to be from Stanford FCU asking to confirm suspicious charges. Do not click on the link! These messages are not from us and the link does not go to our website. If you’re unsure about a message or want to check your accounts, please call us at 888.723.7328.

Kids' Savers Account

Kids' Savers Account

Help your child learn the importance of managing money and saving for a rainy day. Our Kids’ Savers Account requires no opening deposit and has no monthly fee. A parent or guardian is required as a joint account owner.

Free for children 12 and under

Features

  • No opening deposit required
  • No minimum balance required to earn dividends (rate is variable)
  • No monthly fee (an inactivity fee will be charged if there are no transactions in 12 consecutive months)
  • Access funds through Online or Mobile Banking
  • Set up payroll deductions or direct deposit to build your child’s savings faster
  • Deposits are federally insured by the NCUA to at least $250,000 (Individual Retirement Accounts up to an additional $250,000)

Open Account

Accounts for minors require a parent or guardian co-signer, and must be opened at a Stanford FCU branch, or the signed application must be sent by mail to P.O. Box 10690, Palo Alto, CA 94303-0843.

Learn more about Stanford FCU’s commitment to protecting the online privacy of children.

Coverdell Education Savings Account (ESA)

 

Funded with post-tax income*
Maximum annual contribution is $2,000 per student
Contributions can be made up to a child's 18th birthday
Can be used for elementary, secondary, or higher education
Assets can be transferred to another education savings account for a qualified family member
Non-qualified withdrawals are subject to federal income tax as well as a penalty tax
young child in astronaut helmet standing next to chalkboard with rocket ship and earth drawings

Kids' Savers Account Rates

Scroll Right for More Data

Account Description Dividend Rate Annual Percentage (APY)
Kids' Savers Account 0.10% 0.10%
Coverdell Education Savings Account (ESA) 0.10% 0.10%

Effective 12/1/23

Savings Education

Learn the financial basics about savings accounts with our Online Learning Modules.

Learn More

*Consult a tax advisor. Dividends are compounded and paid monthly. Membership eligibility is required.

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