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Learning how to manage money is a foundational part of every person’s life.

That’s why we offer the MySavings Youth account for members 21 years old or younger. This high-dividend savings account is designed to help younger members learn the joys of saving money and how compound interest works. 


Offering a variable rate of 6.77% (7.00% APY)1 on account balances up to $1,000 and our regular Primary Share Savings rate on balances above $1,000, the MySavings Youth account demonstrates how quickly account balances can grow as a result of high dividends. 

Newsweek's Best Savings Account for Teens!

Benefits of MySavings Youth account

  • No monthly fees or minimum balance requirements
  • Variable 6.77% (7.00% APY)1 on account balances up to $1,000
  • Primary Members between 13 years old and 21 years old can request an ATM card in order to access the funds2

To open a MySavings Youth account

  • Access the Online Membership Application
  • Click the “Open a Minor Account” button
  • Follow the on-screen instructions to complete the application


The Primary Member must:

  • Be the individual who is applying for the MySavings Youth account 
  • Have a Social Security number
  • Be 21 years old or younger
  • Opt out of paper statements and sign up for eStatements within 60 days of account opening3
 
Only one MySavings Youth account is allowed per member.

1 APY=Annual Percentage Yield. Rates are variable and may change after the account is opened. Fees may reduce earnings. Rate subject to change without notice.
2 Primary Member must fill out a form in order to receive an ATM card. Visit your local Chevron Federal Credit Union branch, or give us a call at 800-232-8101 for more information. For those outside the U.S., please call 510-627-5000.
3 To sign up for eStatements, the Primary Member must create an Online Banking account. This must be completed within 60 days in order to lock in the 6.77% dividend rate.
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