Teach Savings Habits Early
Savings Accounts Designed for Kids and Teens
The youth savings accounts described below can be established with an opening deposit of $5 or more. There is never a monthly fee or minimum deposit requirement for these accounts. Dividends are payed at current ATFCU savings rates.
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Savings Safari
Have fun saving
- For children from birth to age 12
- At age 5, your child will complete a signature card and receive a gift bag
- Members 5 and older will receive a Safari Buck for each $5 saved when the child is present at the time of deposit. Bucks can be redeemed for prizes in our lobby locations and/or for passes to Prime Time or the Abilene Zoo.
- Savings Safari accounts transition to youth accounts on your child’s 13th birthday.
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Skills for Life Teen Account
Earn & spend with oversight
- Gradually enables your child to assume financial responsibility.
- Teens can open a checking account at age 15. (A cosigner is needed until age 18.)
- With a co-signer, teens aged 16+ can apply for loans and/or low limit credit cards.
- This account guarantees eligibility for ATFCU’s scholarship program.
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Texas Uniform Gift to Minors - TUTMA
Make a gift to a child or grandchild
- Specialized savings account set up for a minor by a member older than 21 who serves as the account custodian.
- The custodian retains full control of the account until the minor turns 21.
- A TUTMA account can be converted to a Savings Safari or Skills for Life account by the custodian.
Compare Youth Account Options
Youth accounts can be opened in our lobby locations. Please remember to bring your own Social Security card and your child’s Social Security card. If your child is 5 years old or older, he/she will also need to be present to sign their signature card.
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Child's Age at Account Opening
Child's Age at Account Opening
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Parent or grandparent is a cosigner on the account
Parent or grandparent is a cosigner on the account
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Child earns Safari Bucks that are exchanged for small prizes
Child earns Safari Bucks that are exchanged for small prizes
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Child needs cosigner present to make deposits or withdrawals
Child needs cosigner present to make deposits or withdrawals
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Debit Card Available
Debit Card Available
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Child is eligible to apply for ATFCU scholarships
Child is eligible to apply for ATFCU scholarships
Savings Safari Account
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Child's Age at Account Opening
Birth - 12 years. When the child is 5, a signature card will be completed.
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Parent or grandparent is a cosigner on the account
Yes
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Child earns Safari Bucks that are exchanged for small prizes
Yes
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Child needs cosigner present to make deposits or withdrawals
Yes
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Debit Card Available
No
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Child is eligible to apply for ATFCU scholarships
No
Skills 4 Life Teen Account
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Child's Age at Account Opening
13-18 Years
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Parent or grandparent is a cosigner on the account
Yes
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Child earns Safari Bucks that are exchanged for small prizes
No
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Child needs cosigner present to make deposits or withdrawals
No
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Debit Card Available
Yes - at age 15 with a valid state-issued ID
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Child is eligible to apply for ATFCU scholarships
Yes
TUTMA Account
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Child's Age at Account Opening
Birth through age 20
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Parent or grandparent is a cosigner on the account
Yes
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Child earns Safari Bucks that are exchanged for small prizes
No
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Child needs cosigner present to make deposits or withdrawals
Yes
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Debit Card Available
No
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Child is eligible to apply for ATFCU scholarships
Yes
See Today's Rates
|
Balance |
Min. to Open |
Rate |
APY* |
|---|---|---|---|
|
Balance Savings with Balance of $25 - $99.99 |
Min. to Open $25.00 |
Rate 0.30% |
APY* 0.30% |
|
Balance Savings with Balance of $100 - $999.99 |
Min. to Open $25.00 |
Rate 0.40% |
APY* 0.40% |
|
Balance Savings with Balance of $1,000 |
Min. to Open $25.00 |
Rate 0.50% |
APY* 0.50% |
Frequently asked questions
Yes. Please bring his/her social security card with you for account opening.
Yes. The minimum deposit amount is $5. That amount will remain in the savings in order to maintain credit union membership.
At least a day old! Seriously, a good time would be when the child has been issued a Social Security number.
From Our Blog
Teach a Child to Save
Teaching Children About Money
Open An Account for Your Child Today
Youth accounts can be opened at any ATFCU lobby location. Let’s get your child started on a healthy financial path.
Disclosures
Dividends accrue daily and are paid quarterly
Dividend rate is based upon account balance. Please see our Rates page for details.
In compliance with the 2001 Patriot Act we will verify your identity when opening an account. Please remember to bring your Social Security card along with your driver’s license, United States passport or state ID card.