Teen $avers
For teens age 13-17

Start your teen on the right financial path! A Teen $avers account will educate them on the importance of having credit union accounts and how to save money for the future.

• Low $5 minimum to open and earn interest
• $10 membership fee waived
• Parent, Legal Guardian, or Immediate Family Member (with verbal or written consent from parent or legal guardian) must be joint owner
• Telephone and Online banking (at discretion of joint owner)
• Account will automatically convert to regular account once child turns age 18
• View the Elements™ Website! It's just for teens! Listen to a podcast, take a quiz or find out how to take care of your finances!

You will get:

• Savings passbook
• Gift when you open your account
• Gift when you come in to a branch
• ATM Card (at age 16)
  • $20 daily withdrawal limit
  • Unlimited deposits
• No monthly fee Checking Account (at age 17)
  • Must have joint owner until age 18
  • Once you turn 18, if you show college ID, your account will be a no monthly fee College Checking account or, if you are not a student, we’ll convert it to a Free Checking account, or the account of your choice
  • MasterMoney Check Card (same restrictions as ATM Card above)
• Free use of the Coinstar machine at our Northridge branch - no fees!
• And more!

Open a Teen $avers account today! Visit an MCCU branch or call us for an application!