Why Open a Youth Savings Account?
- Specially designed for youth ages 0 to 17.
- Free interactive learning through our partners at Banzai.
- Parent members can easily pay for chores or manage allowance in digital banking.
What You'll Need:
- Ages 0 to 13 years must have a parent or legal guardian joint owner.
- Ages 14 to 17 may choose to have a joint owner.
- All ages must bring a Social Security card.
*Our Youth Savings Account is the Basic Savings. Subject to approval. Membership eligibility required. Youth must be new to Purdue Federal and 17 years old and younger with legal parent or guardian. New membership and Basic Savings account must be opened by December 31, 2025 at a Purdue Federal Credit Union branch location and enroll in paperless statements to be eligible for bonus. Social Security card required for account opening. $5 deposit into Member Ownership Share account required. Basic Savings account currently earns 0.10% APY (APY = Annual Percentage Yield). APY accurate as of April 1, 2025, rate may change. To qualify for bonus: opening deposit must be made in person at a Purdue Federal Credit Union branch location. Bonus will be deposited into Basic Savings account within 7 business days of deposit. Bonus: Purdue Federal will match the opening deposit to the Basic Savings account for new members up to $50. Bonus will not exceed $50. Valid Social Security Number required for account holder to receive bonus. Bonus is considered interest and will be reported on the IRS Form 1099-INT. Business accounts, HSA accounts, and current members are not eligible. If the account is closed within 6 months of account opening, the bonus will be deducted from the account at closing. This offer cannot be combined with any other promotion. Offer subject to change without notice. Federally insured by NCUA.