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


  • 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

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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.

Learn More

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

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