First Missouri Credit Union Youth Savings Account Kid Teen

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YOUTH ACCOUNT

Join the Super Savers!

Open youth accounts for your kids, and get them started on their financial journey! We offer lots of options and features to get your kids started!

To open an account for kids and teens up to age 16, all you need to get started is:

$5 deposit to start membership
Their Social Security number
A parent or guardian with identification as joint owner
A parent- or guardian-approved email address

Earn 9.27% APY on a youth money market account!*

Accountholders will earn 9.27% APY* on balances of $100-$1,000! Balances above $1,000 will earn 0.25%, but you still earn 9.27% APY on the original $1,000.*

It's easy to get started!

Youth Member Money Market Account

In April 2025, Phineas introduced a special account for our members ages 16 and younger. Accountholders will earn 9.27% APY* on balances of $100-$1,000! Balances greater than $1,000 will earn 0.25% APY.*

It's so easy to get started, all you need is:

$25 to open (deposit or transfer) and to earn more interest than regular savings on $100-$1,000 balances
A parent or guardian with identification as joint owner
A parent- or guardian-approved email address

*APY=Annual Percentage Yield. Rate is accurate as of 4/23/25. Rates and terms are subject to change without notice. Other qualifications may be required in order to receive the disclosed APY. Contact FMCU for complete details.

Did you know?

If your kid is age 12 or older, they can have their own debit card! Open a checking account for them! A checking account is a great way to teach financial responsibility.

They’ll get access to:

Their own debit card
Online banking

Time to start saving for college?

Set up an appointment with our financial advisor to explore 529 education plans. It’s never too early to start saving, and 529 accounts offer many great benefits. The earnings are tax-free, and withdrawals for most educational expenses are as well!

Learn more