Accounts just for Youth 0-12

Kids Pick Up All Sorts of Habits… Financial Responsibility is a good one.

Lay the Foundation for a Brighter Future and help your child become a lifelong saver!

Do you wish you had started saving earlier? Opening a Max Money Savings Account gives your child or children is a great way to learn about budgeting, teach them the value of money, prepare them for adulthood, and teaching them to set money goals. It also gives them a head start on ways to manage the financial responsibilities that lie ahead.

  • A Penny Saved is a Lesson Learned. Open a savings account for your children and teach them to save at a young age.

  • Planning Ahead Takes Them Far. Manage their funds. Save for their future. And teach them the value of responsible banking.

  • No Need to Carry Cash. Add a free ATM card for easy access to cash when it’s needed, so you can make a deposit instead of worrying about carrying large cash amounts.

Is your child ready to take on more financial responsibility and begin to take charge of their financial future?

With just a $5 deposit, you can open a Max Money Savings Account with your child!

Looking to upgrade that piggy bank? Our Youth Savings Account is the answer!

In credit union language, a savings account is called a “share account”. When you open yours at EIFCU with a minimum $5 deposit, you’re buying your share of ownership in the Credit Union. You’ll earn interest on your savings, and the money you deposit enables us to make loans to other Credit Union members, thus completing the cooperative circle.

Give your kids access to savings while enjoying:

  • Free coin counting

  • Stickers when they visit the credit union

  • Annual October International Credit Union Day coloring page contest

Becoming a member and joining our Youth Savings is simple. You only need 3 things:

  • Social Security Card

  • Parent or Guardian for joint ownership

  • $5.00 deposit

You'll find saving is easier with a convenient payroll deduction or direct deposit of your paycheck. After your direct deposit is credited to your designated account, you can set it up to automatically be distributed into multiple accounts, such as your savings account, checking account, or a Holiday Club account.

  • Transfer funds easily between your accounts with Online Banking or our Mobile App.

  • $5.00 minimum balance.

  • No monthly or annual fees.

  • Free online and mobile banking

  • Free e-statements

Yes! Your Funds are Safe & Insured

Your accounts are FEDERALLY insured to at least $250,000 and backed by the full faith and credit of THE UNITED STATES GOVERNMENT, National Credit Union Administration, a U.S. Government Agency. Visit mycreditunion.gov to learn more about your Share Insurance Coverage and to access resources including a Share Insurance estimator tool, publications, videos, and more.

Money Games

Learning about money can be fun and educational!

Learn about the life of a coin in the United States Mint Coin Classroom! Click to learn!

Hit the Road and try out your budgeting skills with NCUA’s money game! Click to play!

Learn from biz kid$ - the place where kids teach kids about money! Click to learn!


Tips & Tricks to Help Kids Learn about the Value & Importance of Money

  • Learn to shop and spend wisely. We’ve all had to learn how to find the best prices for things and regulate our impulses to buy shiny new toys. Teach your kids to compare prices, feature, and quality before deciding what to buy.

  • Make saving fun and easy. Start out with a small goal. Save a regular amount every week for a fixed length of time. Be sure you save enough to pay for something they’ll want and enjoy and perhaps offer to match what they save so that you’re a part of the effort too.

  • Don’t use money as a carrot and stick. Be consistent in the ways you allocate and manage allowance money. Let your kids know you’re not paying them to perform, do chores, achieve good grades in school or go to bed on time - but to help prepare them for a world where the way money is used can be very important in achieving happiness and success.

  • Teach generosity. Encourage kids to learn that financial resources can be a powerful tool to help solve problems. It can help people and improve our community. It is a great way to encourage their growth and development as good citizens and productive, responsible members of our community.

Once a member, always a member.

When you open an account with us, you’re a member for life, as long as the account stays open. You can move and take us along!