Youth Savings Account (Age 0-12)

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Get your child excited about savings

Head to a branch 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.

Open Account

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FAQs

Can my child get an ATM card?

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.

Can I open the account online?

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.

How do I transfer funds to my other accounts or to another Member’s account at the Credit Union?

In Online Banking, click on "Transfers and Payments" and "Make a Transfer". Choose the account you want to withdraw from and where you want to send the money to. If you are sending to another Member, select "Another Member" under where the money is going, and enter their account number and last name. Enter the amount and submit.

Which accounts can I access through Online Banking?

You can access all of your LBS Financial sub-accounts. If you have multiple accounts at the Credit Union, make sure to click on Link Memberships to bring in all accounts for which you are an owner. View our How to Link Memberships video.

What do I need to open an account?

You will need your child's birth certificate, school ID, or California State ID, as well as their social security number. 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.