Youth Accounts
Build a strong financial foundation.
Youth Accounts for Every Age
Mid Minnesota has accounts and services tailored to assist your child in growing their savings and building a solid financial foundation every step of the way.
0-5 Year-Old
As your child grows, watch their savings grow too! Most parents come into the credit union with a piggy bank or envelope in-hand right after a birthday. We are here to help you grow those dollars for their future with a number of options. Recommended MMFCU Accounts/Services: YES Account, WINcentive, Fast Forward CD, Term Share Certificate.
6-11 Year-Old
MMFCU can help you teach your child responsible savings and spending habits. The “Save, Share, and Spend” approach teaches kids how to be well rounded with the money they earn from chores, babysitting, and helping friends and family. Now is a great time to learn more about starting a 529 plan too. Recommended MMFCU Accounts/Services: YES Account, WINcentive, Fast Forward CD, Term Share Certificate.
12-16 Year-Old
Mid Minnesota is here to help as you guide your teen in managing their money wisely. They may have a specific savings goal in mind, like a new phone or car. As a parent, you will be joint on the youth savings and checking accounts, so you can see how they are managing their money and coach them along the way. Recommended MMFCU Accounts/Services: Teen Checking, YES Account, WINcentive, Fast Forward CD, ATM Card.
17-19 Year-Old
This is the age of opportunity for expanding knowledge and experiences. Most of the time these adventures come with a cost, MMFCU makes managing money easy whether you are across town or across the country with Online Banking and Mobile App. Mid Minnesota can help you with: making the most of your savings, building your credit score, creating a budget, planning for education expenses, and purchasing a vehicle. Recommended MMFCU Accounts/Services: Teen Checking, YES Account, WINcentive, Fast Forward CD, ATM Card.
Youth Education Savings (YES) Account
Teaching your children how to save is easier with our Youth Education Savings (YES) Account. Earn a higher interest rate for the first $500 your child saves and learn how to create good financial habits as they grow.
Term Share Certificate
Mid Minnesota members age 0-17 earn great rates with traditional Term Share Certificates with a $100 minimum deposit.
Teen Checking Account
Gain financial freedom without the hassle of monthly service charges or monthly balance requirements. Your checking account provides a Visa Debit Card and the ability to check your accounts and make transfers on your home computer or mobile phone (A parent/ guardian co-signer will be needed for teens under 18). Available for ages 13-17.
WINcentive® Savings
Save money. Win money. This savings account offers you the chance to win cash prizes from a state-wide drawing! Prize drawings occur monthly, quarterly and annually – so the more you save, the more chances you have to win! You could even end up winning the grand prize of $5,000!***
Fast Forward Certificate
With a Fast Forward Certificate you earn dividends as you build your balance! You can start with as little as $10 and a commitment to deposit at least $10 per month for the remainder of the term. The Fast Forward Certificate is a great way to save money for a car or school.*Must make minimum $10 monthly contribution to avoid a $10 penalty.
From the Blog
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Ask the credit union for complete terms, conditions, and official rules. Prize amounts are estimates and may be changed from time to time. © Copyright Minnesota Credit Union Network, 2019. All rights reserved.
YES balances up to $500 receive an APY of 3.00%APY and balances over $500 earn 0.05%APY on the portion of balance over $500. APY = Annual Percentage Yield. APY will range .05 – 3.00%APY APY is accurate as of 12/1/2022. Dividends will be credited on the last calendar day of each month to the YES account. No minimum deposit is required to open a YES account. Limit one account per social security number. APY=Annual Percentage Yield. ATM Card requires two services or maintain a $200 balance for 6 months. Parent or guardian is required if under 18. Fast Forward Certificate requires you make minimum $10 monthly contribution to avoid a $10 penalty.
Federally Insured by NCUA. Certain restrictions apply.