Children with piggy bank

Youth Savings Accounts


At High Point FCU, we believe in teaching even our youngest members the basics of savings so they can grow up being successful throughout their financial journey.

For all the milestones life presents, whether it’s earning their first dollar or purchasing their first car, we are here to support your child every step of the way – even as they transition into adulthood. Our youth accounts aim to educate and motivate our young members about the importance of saving, paving the way for their financial success in the future.

Our youth savings account has no monthly service charges and allows you to earn dividends when you have $5 or more in your account. Access your savings balance with Online and Mobile Banking.

New credit union youth savings members will receive their first $5 deposit at account opening from the credit union! We want to help our young savers get started!

To open a Youth Savings Account, the primary applicant must:

  1. Qualify for Membership
  2. Provide Adequate Identification
    • Either an Original Birth Certificate and Social Security Card.
    • Or A valid School Photo ID, Learner’s Permit, Driver’s License or State Identification Card
  3. Provide a Parent or Legal Guardian’s current Government-Issued Photo ID

Become a Member today!


Whether you follow a “learn to earn” format where children earn allowances through performing small chores or a “family as community” format where a stipend is given, keep on a regular schedule and avoid giving advances. It’s good to work with your children to establish an ongoing system of saving. Help them to determine how much to save, setting short and long-term goals, then discuss where the balance should be spent and shared. You can use pictures to help them visualize their goals and then help them to prioritize what they are saving for, what they want to spend their money on, and with whom or with what they want to share their money.

Discussing the difference between wants and needs with your children, as well as working with them to set goals will help in overcoming the desire for “instant gratification.” It’s important not to be too critical of the choices children make. They have different values, and mistakes are a fine way to learn.

The important thing is that they save, invest, spend and share with goals in mind. Help your children understand that they are part of a larger world community through discussions about sharing their money and/or donating time to causes of their choosing. Most important, be a good role model. Make sure your children see you doing the things that you are teaching them. Let them in on your bill paying, savings and investment plans and charitable giving.

Video Banking