Youth Checking’s bigger brother (or sister).
The peanut butter to its jelly. The yin to its yang. The start to your membership.
So you’re ready to become a member and open your first account. It all starts with a Youth Savings account. Use it to store your hard earned cash and holiday money. Build up an early safety net and watch it grow.
And it’s 100% a safer place to keep your cash than your drawer.
Youth Savings helps you start off on the right foot
Youth Savings is the perfect companion to our Youth Checking. And while you’re busy becoming a super-saver, check out Banzai!, a learning platform that will help you get smart on pretty much any money topic you can think of!
Simple
Youth Savings is open to youth 0-17 years old and are a great way to get started saving.
Affordable
Minimum opening deposit of $50 (deposited by Excite and includes par value) and minimum $5 balance.
Accessible
Free and unlimited use of over 30,000 ATMs for youth 13+.
Educational
Accounts come with Banzai!, a learning platform that teaches users how to be budget wizards.
Convenient
Use features like Mobile Deposit with Online and Mobile Banking (eStatements required).
★★★★★
The personnel are [...] Very Helpful & Knowledgeable of the products and Services they offer. Very Accomodating & Courteous to the customers.
~ Josephine G.
Not sure which account is best for your needs? We can help.
Contact us and we can run through your needs and the many options we have available.
FAQs
In addition to Youth Savings, Excite members also have access to Go Savings, our high yield savings account, as well as money market accounts and additional savings accounts.
Learn more here.
You can! You can set up the transfer online, via fax, or in person at one of our branches.
Government regulations allow only 6 electronic transfers, withdrawals, and checks from savings accounts per month.
If you go over 6, your signature will be required.
In addition to automatic transfers and making deposits via our mobile app, you can also make deposits at our cooperating ATMs.
Make your deposit on business days before 3pm, and you’ll have immediate access to the first $500 of the amount you deposited.
The minimum balance for our Youth Savings Account is just $5.
Your accounts are federally insured by the National Credit Union Administration (NCUA).
Unlike a commercial bank that offers dividends on savings as well, credit unions are nonprofits that are owned by their members.
That means that we can offer higher dividends to our members, as well as lower interest rates on loans and credit cards. That means we don’t charge as much for borrowing with us (interest), and we can pay you more for trusting us with your money (dividends,) because we don’t have to share profits with shareholders, just members.
*APY = Annual Percentage Yield.
Limit of one Youth Savings per member. Requires responsible individual 18 or older as a joint owner for youth 0-15, not required for youth 16-17.
Initial $50 opening deposit by Excite is held for the first 12 months and forfeited if account is closed prior to 12 months. Members with Step Up Savings are not eligible for Youth Savings Account.