The early bird gets the savings
Want to give your kids a head start in life? Open a youth account and get them excited about money smarts.
What is a Youth Savings Account?
A Youth Savings Account at Zing is a savings account made just for kids and teens. It helps them learn how to save, track their money, and set goals—all with a little guidance along the way. With no monthly fees and online access, it’s a simple and fun way to start building financial confidence early.
Youth Savings Account
Milestones matter! From the first tooth to the first steps… to the very first savings account. Most people stick with their first financial institution for life, so why not start them off with one that puts them first? Open a Youth Savings Account at Zing, you can starting as early as birth.
- Ages 0-12
- Open with just $5
- Earns dividends at $100
Teen Accounts
Teens with paychecks need a place to put it—open a youth account built just for them. You can open both a savings and a checking account if desired.
Since you have joint ownership on the account, it’s easy to monitor activity from wherever, whenever—just in case someone decides to go on a video game shopping spree.
- Ages 13-18
- VISA debit card or Clear Card with Checking Account (Compare both options below)
- Joint ownership with parent or guardian
- Easy to monitor with Online and Mobile Banking
| Clear Card | Preferred Checking | |
|---|---|---|
|
Monthly Fee, if minimum balance is not met. |
None |
None |
|
Minimum Balance |
None |
None |
|
Overdraft Protection |
Not allowed; no overdraft or nonsufficient fund fees |
Possible, unless overdraft protection is set up |
|
ATM Access |
30,000+ fee-free ATMs nationwide and 5,000 shared branches |
30,000+ fee-free ATMs nationwide and 5,000 shared branches |
|
Direct Deposit |
Available |
Available |
|
Insured by NCUA |
Yes |
Yes |
|
Ideal For |
Individuals seeking a simplified, fee-free account with budgeting tools |
General banking needs with full checking features |
Rates effective as of: April 28, 2025
Benefits of a savings for children
Promotes Financial Responsibility
A savings account for kids instills a sense of financial responsibility. By encouraging children to save a portion of their allowance or earnings, they learn the importance of setting aside money for future needs or emergencies. This lesson fosters good saving habits that will benefit them throughout their lives.
Teaches the Value of Money
Saving teaches children the value of money and the effort required to earn it. Watching their savings grow over time makes them more aware of the worth of every dollar. This understanding helps them make informed decisions about spending and saving in the future.
Provides a Head Start for Future Financial Goals
A bank account for kids gives children a head start in achieving their future financial goals. Whether they dream of buying their first car, pursuing higher education, or starting a business, having a savings account allows them to accumulate funds over time. This early start can significantly impact their ability to achieve these goals.
Teens and parents—ready to build smart money habits? Set up a free session with a financial coach (in person or by phone) to make the most of your Youth Account.
Read more about Youth Savings Accounts on Our Blog!
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1
Come on by
Stop by the branch or open an account online.
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2
Know what you'll need
Bring in or upload documentation to verify the child's identity and the parent or guardian's relationship to the child; the child's birth certificate, social security number, and proof of address.
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3
Get your card
That’s it! For teen checking accounts, we'll send out a debit card. You can manage any account you open on the MyZing App.
I absolutely love Zing. I have never had any issues and if there were any, Zing helped me to find a solution every time. I can’t begin to say how thankful I am for the services they have provided that has tremendously helped me out as a single mother. I will continue to be a customer to this bank and would definitely recommend others be a customer as well.
Resources
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Yes!
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No, there are no fees associated with our youth saving account for children.
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Yes, parents can easily monitor and manage their child’s savings account. We provide a user-friendly online banking platform that allows parents to track their child’s transactions, set savings goals, and even automate regular transfers to the account.
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You can open a youth savings account from birth until 12. Teen accounts are available from 12-18 years old. However, parents or legal guardians must open an account on behalf of their children.
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TRUTH IN SAVINGS DISCLOSURE
Except as specifically described, the following disclosures apply to all the accounts.
- Rate Information. The dividend rate, or interest rate, and annual percentage yield on your accounts are set forth on the reverse side. The annual percentage yield is a percentage rate that reflects the total amount of dividends/interest to be paid on an account based on the dividend/interest rate and frequency of compounding for an annual period. For Certificates of Deposit and IRA Certificates of Deposit, the interest rate and annual percentage yield are fixed and will be in effect for the term of the account. The annual percentage yield is based on an assumption that interest will remain on deposit until maturity. A withdrawal will reduce earnings.
- Nature of Dividends. Dividends are paid from current income and available earnings after providing for the required reserves. The dividend rates and annual percentage yields are the prospective rates and yields that the Credit Union anticipates paying for the applicable dividend period.
- Compounding and Crediting. Interest and dividends will be compounded and credited as set forth on the reverse side. The dividend/interest period for each account is also set forth on our Rate and Fee Schedule. The dividend/interest period begins on the first calendar day of the period and ends on the last calendar day of the period.
- Balance Information. The minimum balance required to open each account is set forth. Interest is calculated by the daily balance method which applies a daily periodic rate to the principal in the account each day.
- Accrual of Dividends. Dividends will begin to accrue on cash deposits on the business day you make the deposit to your account. Dividends will begin to accrue on noncash deposits (checks) on the business day you make the deposit to your account. If you close your account before accrued dividends are credited, accrued dividends will not be paid.
- Account Limitations. The account limitations for each account are set forth in our Membership and Account Agreement
- Your account will mature on the maturity date set forth on your account receipt or renewal notice.
- Early Withdrawal Penalties. A penalty may be imposed if you withdraw any of the certificate funds before the maturity date or the renewal date, if this is a renewal account.
- Amount of Penalty. For Certificates of Deposit and IRA Certificates of Deposit the amount of the early withdrawal penalty for your account is 90 days’ interest for a term of 12 months or less, and 180 days’ interest for a term over 12 months.
- How the Penalty Works. The penalty is calculated as a forfeiture of part or all of the interest that have been earned on the account. This penalty applies to earned interest and principal.
- Renewal Policy. Certificate of Deposit accounts will automatically renew for another term upon maturity. You have a grace period of seven days in which to change or withdraw the funds without being charged an early withdrawal penalty.
- Exception to Early Withdrawal Penalties. At our option, we may redeem the account before maturity without imposing an early withdrawal penalty under the following circumstances:
- When an account owner dies
- or is determined legally incompetent by a court
- or other body of competent jurisdiction.
- Nontransferable / Nonnegotiable. Your account is nontransferable and nonnegotiable. The funds in your account may not be pledged to secure any obligation of an owner except obligations with the Credit Union.
- FEES FOR OVERDRAWN ACCOUNTS. Fees may be imposed on each check, draft item, ATM card withdrawal, debit card withdrawal, debit card point of purchase, preauthorized automatic debit, telephone initiated withdrawal or any other electronic withdrawal or transfer transaction that is drawn on an insufficient available account balance. The entire balance in your account may not be available for withdrawal, transfer or payment of a check, draft or item. You may consult the Funds Availability Policy for information regarding the availability of funds in your account. Fees for overdrawing your account may be imposed for each overdraft, item or transaction. If we have approved an overdraft protection limit for your account, such fees may reduce your approval limit. Please refer to the Rate and Fee Schedule for current fee information.
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