Smart Savings, Bright Futures: Why Your Child Needs a Youth Savings Account

Every superhero needs a sidekick—and every kid needs a solid financial companion, too! A Youth Savings Account is more than just a place to stash birthday money—it’s a tool for building lifelong financial skills. At Modesto’s First FCU, we help young savers in Modesto take their first steps toward financial independence with accounts that turn pocket change into future opportunities.

What’s a Youth Savings Account & Why Is It a Big Deal?

Think of a Youth Savings Account as a financial training ground—a place where kids and teens learn the value of saving, budgeting, and growing their money. Unlike a regular Savings Account, these accounts are specifically designed for young savers, offering:

Low minimum balances – Our Youth Savings Accounts are designed to be accessible. Your child can start saving with just a small amount, making it easy to build healthy money habits from an early age.

Parental oversight – Learning is best with a bit of guidance! Parents or guardians can help manage and monitor the account, offering financial lessons along the way. This ensures kids develop smart money habits in a safe, supportive environment.

Dividends on savings – It’s never too early to learn about earning interest! Unlike a piggy bank, a Youth Savings Account grows over time, rewarding kids for their patience and consistency in saving. Seeing their balance increase helps them understand the power of long-term financial planning.

At Modesto’s First FCU, we offer three youth-friendly savings options to support your child’s future:

Minor Account - For Ages 0-12 – Designed for young savers taking their first steps into the financial world. With just $200, kids start earning dividends, helping them see how saving money can be rewarding.

Youth Account - For Ages 13-18 – Ideal for teens ready to take a more active role in managing their money. This account includes a free Checking Account, a debit card, and Digital Banking access—all with built-in parental controls to ensure responsible spending and saving.

Custodial Account - For Ages 0-18 – Perfect for parents who want to set aside money for their child’s future while maintaining full control. Only the custodian (parent or guardian) can make withdrawals, ensuring the savings remain intact until the child is ready to manage their own finances.

Ready to take the first step? Learn more about our Youth Savings Account!

3 Big Reasons to Open a Youth Savings Account in Modesto

Building Smart Money Habits from Day One

Just like brushing their teeth or doing homework, saving money should be a regular part of life. A Youth Savings Account teaches kids the value of setting money aside, watching it grow, and making smart financial choices.

Learning Goal-Setting & Responsibility

Whether saving up for a new bike, a college fund, or something in between, a Youth Account helps kids connect their savings habits to real-life goals. It also teaches them to spend wisely—because when they use their own money, they think twice about every purchase!

Preparing for an Independent Financial Future

Early money lessons make a lasting impact. By managing their own savings (with guidance from parents), kids develop the skills they’ll need to handle bigger financial decisions later in life, like budgeting for college, handling credit cards, and even buying a first car.

Choose a Credit Union That Puts Families First!

At Modesto’s First FCU, we’re not just another financial institution—we’re a partner in your child’s financial future. Our mission is to help families build strong financial foundations that last a lifetime. Here’s why Modesto families choose us:

Savings That Actually Grow – We believe saving should be rewarding, so we offer competitive dividends and low fees to help your child’s money go further.

Made for Families, Backed by Experts – Count on family-friendly tools, guidance, and hands-on learning opportunities to set your child up for success.

Rooted in the Modesto Community – We’re more than a place to save—we’re a local, member-owned credit union that cares about our neighbors, our schools, and the future of our city. Every dollar saved with us stays in the community, helping local families thrive.

Let’s Get Started on Your Child’s Financial Journey

The best time to start saving is right now! Give your child a fun, engaging, and rewarding way to build healthy money habits with a Youth Savings Account at Modesto’s First FCU.