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Youth Savings Account (Age 0-12)

Good habits start here

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  • No monthly fees
  • Watch their money grow with dividends
  • Open with just $5.00 and $1 per Member one-time fee
  • Comes with a special opening gift

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Get your child excited about savings

Head to a branch or get started online today to open a savings account for your child, and watch their eyes light up as they deposit their first dimes and quarters. You can also deposit money on their behalf  through Mobile or Online Banking, money that earns competitive dividends. Plus, they’ll get a free gift when they open their account.

Manage money easily

With Online and Mobile Banking options, we make it easy to keep a close eye on your child’s account. Check up on every account under your name, all from the same convenient place. Moving money into your child’s savings account is also fast and free.

You're on your way! Get started right here online.

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FAQs

For Youth Accounts (age 0-12), the parent/legal guardian on the account may get an ATM card (in their name) on the account. This may require qualification. The child cannot get an ATM card in their name until they turn 13 and have a Teen account.

Yes. If your youth or teen is not yet a Member (even if you are), you can open the account online. Accounts may also be opened at a branch with the parent/legal guardian present.

You can make a transfer through Online or Mobile Banking, by calling one of our phone representatives, visiting a branch, or accessing your account by phone through HomeTeller.

In Online or Mobile Banking, click on the "Transfers and Payments" menu option and "Make a Transfer." For a shortcut in Mobile Banking, click "Transfer" from the bottom menu.

To transfer between your LBS accounts, select "At LBS Financial CU," and follow the prompts. To transfer to another Member, click "To another Member" under "Other Options" and follow the prompts.

To transfer funds to an external account where you are an account owner, select "At Other Banks," and follow the prompts if your account is already linked.

To link an external account, select "Manage external accounts," and then select the "Link new" tab. Next, add the routing and account number and select "Link account." Within two business days, there will be two small deposits under $1 in your external account. Log into Online or Mobile Banking, return to "Manage external accounts" and select "Manage accounts" to confirm the amounts received.

Once your external account is verified, you can begin making external transfers.

You can access all of your LBS Financial sub-accounts in Online Banking. If you have multiple accounts at the Credit Union, make sure to click on "Link Memberships" within the "Accounts" menu option to aggregate all accounts for which you are an owner.

You will need your child's birth certificate, school ID, or California State ID, as well as their social security number. Must be ages 0-12. Bring a minimum deposit of $7 ($1 one-time Membership fee per Member on the account and $5 minimum deposit). Parent/guardian must be a joint owner on the account and will also need to bring their government-issued ID and social security number. If parent/guardian is already a Member, you will only need a minimum of $6 to open the account.