It's Never Too Early to Save

Student Savings Accounts for Teens (Ages 13-17)

Give your student a better understanding of how money and personal finances work with a savings account of their own.

Student Savings Account Benefits

$5 Minimum Opening Balance¹

Starting your savings journey is easy with our low opening balance.

No Monthly Service Charges

Keep your cash. There’s no charge for maintaining your account.

Dividends Paid Monthly

Watch your money grow month by month with our generous dividends.

Direct Deposit and Auto Transfer

Get paid directly to your account, and make transfers to other accounts.

Stop by a Soarion Financial Center or schedule either a virtual or in-person appointment to open a Student Savings Account.

Schedule an Appointment

About Student Savings Accounts

Soarion’s Student Savings Account can be opened at any of our Financial Center locations with as little as $5 with a parent or legal guardian as a joint owner on the account. Students 13-17 years of age have access to Soarion Digital Banking and Mobile App.

Student Savings Account Features

Put your child on the path to savings success with our Student Savings Account. They can contribute and withdraw money while learning valuable lessons about savings and dividends.

$5 minimum opening balance¹

No monthly service charges

Dividends paid monthly

Earns dividends

Direct deposit / auto transfer set up

Ready to get started? Come into one of our financial centers or click below to schedule an appointment for you and your student.

Schedule an Appointment

Student Savings Rate

Rates effective as of:

Minimum Balance	Account	Dividend Rates	APY*
$5.00	Student Savings Account	0.10%	0.10%

Open a Student Savings Account Today!

STEP

1

Check Eligibility

It’s easy for you and your dependents to become Soarion members. Check your eligibility here.

STEP

2

Open an Account

Stop by a Soarion Financial Center or schedule an online or in-person appointment.

STEP

3

Start Saving

Start saving, start learning! Your student can open an account with you as a joint owner for as little as $5.

Schedule an Appointment

Student Savings Account FAQs

Yes, a 14-year-old can have a savings account. Soarion Credit Union, other financial co-ops, and banks offer teen savings accounts for minors, typically requiring a parent or guardian as a joint account holder.

The best savings accounts for students combine the basic features of a savings account, like instant access to money, with generous dividends so that your student is rewarded for putting money aside.

Kids save best when they have some control over their spending and when they see rewards for their saving efforts. Choose a full-service savings account that also pays generous dividends, like Soarion Credit Union’s Student Savings Account.

No, our Student Savings Accounts never include any monthly maintenance fee or service charges, no matter your balance.

Yes, you can set up direct deposits or auto transfers on our Student Savings accounts. It’s a great way to give your child their monthly allowance or match a monthly savings goal.

Help them set a goal, like saving for a big purchase like a bike or a big day out at Six Flags Fiesta Texas or Seaworld. Show them how saving regularly adds up over time, especially with a dividend-earning account like Soarion’s Student Savings Account. Matching their contributions can also motivate them to save more.

You qualify for membership at Soarion Credit Union if you live, work (or regularly conduct business in), worship, or attend school, or have a business or other legal entity located within qualified areas of San Antonio or Del Rio, Texas, and surrounding counties.

You also qualify for membership at Soarion Credit Union if you are an active duty member, reservist, veteran, retiree, or a dependent of a member of the U.S. Armed Forces or National Guard residing or working in Texas, Oklahoma, Arkansas, Louisiana, or Mississippi.

You further qualify for membership at Soarion Credit Union if you are a family member or reside in the household of a person who qualifies for membership.

Get a Spending Account for Students 13-17 Years Old

A Student Checking Account includes a Visa Debit Card.

Learn More

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Increase your earnings and beat inflation while still keeping your money accessible with our High Yield Savings account.

* APY = Annual Percentage Yield. Dividends Compounded: Monthly. Dividends Credited: Monthly. Balance Computation Method: Dividends are calculated using the daily balance method. This method applies a daily periodic rate to the principal in the account each day. Rates subject to change at any time without notice.

¹ Minimum $5 opening balance required. Limited to six (6) transfers or withdrawals per month.