With lower fees and higher savings rates, a Youth Savings Account at Downeast Credit Union can help kids lay the foundation for future financial success.
Young members can deposit small amounts on a regular basis and watch their savings grow with compound interest. The earlier they start a savings account, the more it will grow, and the easier it will be to achieve their dreams. Learning this good financial habit at a young age will set them up on the path of successful financial well-being.
To celebrate Youth Month in April 2025, we are offering:
Open a Youth Account today:
Open a Youth Account
Take the Youth & Young Adult Challenge for a chance at $100 today:
Enter to Win $100
Check out our Financial Education portal to teach your kids more about financial health:
Practical Money Skills
1) Must be 17 or younger to earn up to $10 deposit match on one new account opened between 4/1/2025-4/30/2025 with deposits to any youth savings, share certificate, or checking account. When opening a youth account, please bring the child’s social security card. A joint owner at least 18 years of age who qualifies for membership must accompany the youth and bring proper identification. If adult doesn’t have their physical address on their ID, we would need two additional items as proof of physical address (utility bills, etc). 2) $100 giveaway offered to each age group 13-17 and 18-21. Prizes: One $100 prize to be deposited to winner’s DECU account per age category. Member responsible for any applicable taxes. Drawing for winners will be complete by 5/7/2025 at Downeast Credit Union. Odds of winning based on number of entries. 3) APY=Annual Percentage Yield. Members age 17 and under are eligible for this 12-month special certificate rate. One certificate per Youth Member. Youth Certificate Special requires a minimum deposit of $100 or a maximum amount of $1000. Penalty may be assessed for early withdrawal. Special rate available from 4/1/2025 – 4/30/2025.
For our members’ convenience, links are available in this website to allow quick access to other sites that may be of interest. Clicking on a third party link will take you out of Downeast Credit Union’s website to an alternative website not operated by DECU. The Credit Union is not responsible for the content of the third party website and does not represent either the third party website or the member if you enter into a transaction. Privacy and security policies of the website to which you are linking may differ from those practiced by DECU.
