At JHFCU, we believe in investing in our youth and cultivating good financial habits at a young age to create a strong foundation for lifelong financial well-being. By opening a Youth/Custodial Savings account, you can take the first step in your child’s financial journey and help them build a financial safety net for their future.
Teach your child the importance of saving for the future. Open a Youth/Custodial Savings account today and help them build a brighter tomorrow.It's never too early to build good financial habits. Start their journey off on the right foot by giving your family the gift of membership! JHFCU members can establish a Youth/Custodial Savings account for any eligible child under age 21.*
Youth/Custodial Savings accounts are opened in the child's name and maintained by the custodian - you! Anyone may deposit into a Youth/Custodial Savings account, but only the custodian can make withdrawals. If your child is 13 or older, they're eligible to open a regular Share Savings account with an adult member as the joint owner.*
Start your child's financial journey today. Open a Custodial Account by June 30, 2024, to get a $50 bonus!*
Features & Benefits of a
Youth/Custodial Savings Account
Custodial Savings account comes with many unique benefits and resources to help your young saver bloom into a financially responsible adult:
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Financial Wellness Starts
With Saving
JHFCU members can establish a Youth/Custodial Savings account for any eligible child under the age of 21.*
As the custodian, you open and maintain the account in your child's name. Anyone may deposit into a Youth/Custodial Savings account, but only the custodian can make withdrawals.
You can transfer the account to the child when they turn 21 if they are eligible for membership.
* To open a joint savings account, the minor must have a valid state ID.
★★★★★
“I love this credit union! They are very prompt with handling any questions or concerns and really put your needs first. The products they offer are top notch as well! Every time I go to one of the branches the staff is always very helpful and friendly! I am a member for life :)”
- Kristen F.
Next Steps When Considering a
Youth/Custodial Savings Account
1
Each offer comes with terms and limitations. Minimum purchase may be required; see offer for details. Some retailers limit the amount per offer, but there is no limit on the total amount you can earn from multiple offers. Cash back will be credited to your account the last day of the following month from which it was earned (e.g., cash back earned on purchases made in July will be credit the last business day in August). To opt out, simply click “Stop Receiving Offers.”
2 Subject to loan approval
*Offer ends 6/30/24 and subject to change. $25 minimum balance to open account. Share savings account required to open checking account. | Equal Opportunity Lender Federally Insured by NCUA | © 2024 Johns Hopkins Federal Credit Union
***U .S. checking or savings account required to use Zelle®. Transactions between enrolled users typically occur in minutes. Zelle® and the Zelle® related marks are wholly owned by Early Warning Services, LLC, and are used herein under license.