Youth Savings Account – Building Financial Futures
Start Their Savings Journey Early!
Opening a savings account for your child is more than just putting money aside, it’s giving them a head start on their financial future. When kids learn to save early, they develop healthy habits, build confidence with money, and begin to understand the value of planning ahead. Starting now means they’ll be better prepared for the milestones to come, from their first car to college and beyond.
Lifelong Benefits
A child savings account helps kids watch their money grow over time, teaching patience and responsibility. These early lessons make saving feel natural, not overwhelming, as they get older.
Ready to Get Started?
Opening a savings account for your child today is a simple step that can make a big difference tomorrow. Together, you’ll set the foundation for a future full of smart financial choices.
What You'll Need to Open a Youth Account
- Bring two forms of identification
- A Social Security or ITIN card
- A birth certificate, school ID, or state ID
- Youth accounts can't be opened online, but once the account is set up, your child can enjoy the convenience of online banking.
- A parent or guardian must be listed as a joint account holder.
- Debit Cards are available for youth accounts, but parents decide when their child is ready for one.
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Youth Savings Account FAQs
- What is a youth savings account?
A youth savings account gives children a place to save money while building healthy financial habits from an early age. Our Financial Futures Savings account helps young members learn about saving, goal-setting, and planning for future expenses. By watching their balance grow and working toward savings goals, kids can gain hands-on experience managing money with support from a parent or guardian.
- Can I open a savings account for my child?
Yes, you can open a Financial Futures Savings account for your child with us. A parent or guardian must be listed as a joint account holder, giving you the opportunity to help your child learn how to save and manage money responsibly. Youth accounts are opened at one of our branches, where our team can help you complete the process and provide the required documentation.
- What do I need to bring to open a Youth Savings account at GICU?
To open a Youth Savings account, bring two forms of identification for your child. We accept a Social Security or ITIN card along with a birth certificate, school ID, or state ID. A parent or guardian must also be added as a joint account holder. Our general account-opening requirements also have a $5 opening deposit for accounts opened for members under age 18.
- Can I open a youth savings account online?
Youth Savings accounts cannot currently be opened online. You’ll need to visit one of our branches with your child’s required identification and have a parent or guardian added as a joint account holder. Once the account is established, however, your child can use online banking, making it easier to check balances and stay connected to their savings as they learn to manage money.
- Can my child get a debit card with their youth savings account?
Debit cards are available for our youth accounts, but parents or guardians decide when their child is ready to have one. This gives families flexibility to introduce spending and money-management tools at a pace that makes sense for their child. A debit card can provide another hands-on way to learn responsible money habits while a parent remains involved as a joint account holder.
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Financial Futures Monthly Giveaway
Don’t miss out on our monthly Financial Futures Giveaway!
Saving for the future can be rewarding in more ways than one. Each month, young savers with a Financial Futures Savings account have the opportunity to be entered into our monthly giveaway for a chance to win an exciting prize.
Our Financial Futures Giveaway is designed to make saving fun while encouraging kids to develop positive money habits that can last a lifetime. Every deposit is a step toward building savings, learning about money and creating a strong financial foundation for the future.
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More Ways to Grow Your Savings!
Open a Youth Account Today!
Open a new Youth Savings Account now and we'll match your opening deposit up to $20!
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Happy Birthday to You!
To celebrate your birthday, we’ll match your $10 deposit into your youth savings account with an extra $10* when you visit any of our branches.
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Junior Cyclone Club
GICU is proud to be the presenting sponsor of the ISU Junior Cyclone Club (JCC). As part of the partnership, eligible Greater Iowa youth members under 18 can receive a $25 rebate when they purchase a JCC membership.
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Financial Resources for Families
Teaching kids about money doesn’t have to be overwhelming, it can be simple, fun, and part of everyday life. The earlier children learn about saving, spending, and setting goals, the more confident they’ll feel as they grow into young adults.
No matter their age, kids benefit from seeing money as more than just something to spend. With the right tools, families can turn everyday moments into teachable opportunities and set kids on the path toward lifelong financial success. Click each icon to learn more!
For kids ages 0–7, families can explore resources that introduce financial literacy through interactive games, real-life scenarios, and helpful guides on topics like opening a first account, online safety, and everyday money tips.
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Fun activities for ages 8–12 that turn money lessons into real-life adventures! Along the way, they’ll discover how checking accounts work, why saving matters, and how to plan ahead for the things they want.
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Teens ages 13-17 can step into situations where they tackle real-life money challenges. With topics covering everything from loans and savings goals, teens can build the confidence to make smart financial decisions in the future.
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