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We are monitoring the wildfires across California, and hope that our members are not affected. If you’ve been impacted by the recent wildfires and need financial assistance or have questions about your home insurance, please contact us at 888.723.7328.

Alert Notification Icon

We are monitoring the wildfires across California, and hope that our members are not affected. If you’ve been impacted by the recent wildfires and need financial assistance or have questions about your home insurance, please contact us at 888.723.7328.

Kids' Savings Account

Kids' Stanford Savers Account

Help your child learn the importance of managing money and saving for a rainy day. Our Kids’ Stanford Savers Account has a low $1.00 opening deposit and no monthly fee. A parent or guardian is required as a joint account owner.

Free for children under age 13

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$50 minimum balance to earn dividends (rate is variable)

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Minimum $1.00 deposit to open the account

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No monthly fee (an inactivity fee will be charged if there are no transactions in 12 consecutive months)

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Access funds through Online or Mobile Banking

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Set up payroll deductions or direct deposit to build your child’s savings faster

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Deposits are federally insured to at least $250,000 (Individual Retirement Accounts up to an additional $250,000) through the National Credit Union Administration

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

Kids' Stanford Savers Account Rates

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Account Description Dividend Rate Annual Percentage (APY)
Kids' Stanford Savers Account 0.20% 0.20%
Coverdell Education Savings Account (ESA) 0.20% 0.20%

Effective 10/7/2020

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.