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)
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 4/26/24
Savings Education
Learn the financial basics about savings accounts with our Online Learning Modules.
*Consult a tax advisor. Dividends are compounded and paid monthly. Membership eligibility is required.
