Youth Savings Accounts

Get your kids started on the right path for financial success.

Helping your children learn to save their money can teach them some powerful life lessons:

  • How to stay focused on goals
  • How to plan ahead
  • How to save for the things they want until they can afford it
  • The value of money and not to waste it
  • Basic math skills

CMCU has several different types of children's savings accounts available for kids ages 0 to 17 with a parent or guardian as a co-signer.

Check out the various savings accounts you can choose from and get started by applying totally online!


Calculate Your Savings

Initial Investment (optional):
Deposit Frequency:
Deposit Amount:
Annual Interest Rate:
Number of Years:
Future Value:
Interest Earned:

Little Scholars Savings

Help teach your child how to start saving with this account. They can watch their money grow and get rewarded along the way.

  • 0-12 years old
  • Earns higher dividends than personal savings
  • No monthly fees or penalties
  • Birthday Gift each year
  • Free gift with deposits $25+
  • At age 13, funds will automatically transfer to a Boom! Savings Account
Little scholars savings account
Boom Savings account for teens

Boom! Savings

Keep the savings habit strong with this savings account for teens.

  • 13-19 years old
  • Earns higher dividends than personal savings
  • No monthly fees or penalties

Boom! Certificate

A youth certificate that helps grow their money even faster!

  • 0-19 years old
  • 24-month term
  • Earns higher dividends than a regular certificate of the same term
  • Minimum opening deposit of $250
  • Maximum deposit of $7,500
Boom certificate


Need help applying?

Learn how to set up a video banking call with a CMCU team member

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Personal Savings

Personal Savings

Check out the variety of savings accounts CMCU has to offer. Plus get started easily by applying totally online.

Learn More


Put your money into a higher yielding certificate account. Your money is safe and secure with a variety of terms.

Learn More
Health Savings Accounts

Health Savings

Save for health expenses while earning tax-free dividends. Now earn even more money with no service fee!

Learn More


Plan for retirement with IRA accounts and other retirement planning accounts. Open an account or work with an advisor.

Learn More


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