Start Great Savings Habits Early

Youth Savings Accounts for Kids (Ages 0-12)

Start your child on the road to financial success with their own Soarion Youth Savings Account.

Youth Savings Accounts Benefits

Earns Dividends

Starting saving early really pays off when you give your money time to grow.

No Monthly Fee

Get a head start. There’s no charge for managing your child’s account.

$5 Minimum Opening Balance¹

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

Insured by NCUA

With federally guaranteed accounts, your savings are safe for the long haul.

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

Schedule Appointment

About Youth Savings Accounts

Soarion Youth Savings Accounts can be opened with as little as $5 at any of our Financial Center locations with a parent or legal guardian as a joint owner on the account. Start contributing early and see your child’s savings grow!

Youth Savings Account Features

Start out right with a Soarion Youth Savings Account. Give your child the best financial start in life with a dividend-earning savings account all of their own.

$5 minimum opening balance¹

No monthly service charges

Dividends paid monthly

Direct Deposit / auto transfer set up

Ready to get started? Stop by a Soarion Financial Center or schedule either a virtual or in-person appointment to open a Youth Savings Account.

Schedule Appointment

Youth Savings Rate

Rates effective as of:

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

Opening a Youth Savings Account Is Easy!

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 your child’s financial journey! You can open an account with you as a joint owner for as little as $5.

Schedule Appointment

Youth Savings Account FAQs

You can open a Soarion Youth Savings Account as a joint owner with your child. Designed for children from 0 to 12 years, our savings account allows you or your child to make regular contributions and watch your savings grow with monthly dividend payments.

You can even set up a Direct Deposit or auto transfer to pay your child’s allowance directly into their account. You can also withdraw money for your child anytime you wish to spend or invest elsewhere.

The best savings accounts for kids combine security, low costs, accessibility, and decent dividends to reward regular contributions. Soarion’s Youth Savings Account checks all the boxes with generous dividends, a minimum opening balance of just $5, no monthly fee, and full NCUA deposit insurance.

The main difference between a youth savings account and a regular savings account is that a kid’s savings account must be held jointly with a parent and guardian, while a regular account can be held solely by an adult. Youth savings accounts also differ from high-yield youth savings accounts in that high-yield savings accounts for kids generally require higher opening balances and minimum balance requirements.

You can certainly open a savings account for a 5-year-old child, provided you are a joint owner on the account. Youth savings accounts are designed to allow children who are not yet ready to manage their own money to save.

You can put as much money as you like into your child’s savings account. In practice, it makes sense to use the savings account for regular allowance payments, gifts, and money earned while doing chores. Children can be encouraged to save money for themselves by setting a goal, such as spending money for a visit to San Antonio’s Legoland Discovery Center.

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.

Look into Student Savings for 13-17 Year Olds

A Student Savings Account includes access to Soarion Credit Union's Digital Banking Mobile App.

Learn More

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* 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.