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Youth Savings Accounts
Teach your child the benefits of smart money management so they are set up to succeed in their financial future.
Our Youth Savings Accounts are crafted for children under 18 years old to learn how to save early on so they can reap big rewards later.Whether it’s going to the Birmingham Zoo or catching a show at Legacy Arena—we can help you save up so you can craft lasting family memories. Open a Legacy Credit Union Youth Savings Account online today and get started!
Benefits of Opening a Youth Savings Account
Youth Savings
Account Details
We offer two types of Youth Savings Accounts that a parent can open jointly with their child. Our Share Savings Account offers:
- No monthly fees
- Competitive interest rates for better dividends
- 24/7 accessibility through our free online banking portal or mobile app
-
Just a small $5 deposit to open
Apply Now
The Application Process Is as Easy as 1-2-3!
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What Our Members Have to Say.
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“I have never had any issues with this bank and the staff is always nice and always willing to help. I’ve gotten car loans, checking, savings accounts, and also the Christmas Club.”
- Jan A.
Youth Savings FAQs
Why should I open a youth savings account for my child?

A youth savings account will help your child develop a lifelong habit of saving, which will teach them the importance of financial responsibility at an early age and will set them up for financial success in the future.

Can I manage a youth savings account online?

Yes! You can easily view and manage your child’s savings account online and monitor their progress.

Where can I see Legacy’s current rates and annual percentage yield (APY)?

Just visit our dedicated rates page to view the most current interest rates and APY details across all account types.

Are there any fees with a Youth Savings Account?

These accounts don’t have monthly fees, making them ideal for young people.

Can my under-18-year-old open a teen savings account by himself/herself?

No. They will need a parent or legal guardian over 18 years of age to open an account on their behalf. However, once your child reaches the age of 18, they can become a Legacy Credit Union member on their own.

How do I know if I am eligible to join Legacy Community Federal Credit Union?

Anyone who lives, works, worships, or attends school in Jefferson, Shelby, Blount, St. Clair, Walker, Chilton, and Bibb counties surrounding Birmingham, Alabama, is eligible for membership.

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Rates are current as of and are subject to change without notice.

*APY = Annual Percentage Yield.
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