youth savings

savings that makes cents

Providing the first step to financial success for children, teens and college age kids.  

Open at a Branch View Rates
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at a glance

Making Smart Money Moves 

Being money smart can mean future financial success. Get on the right track with a Youth Savings account that teaches children, teens, and young adults the importance of saving while also rewarding them for their efforts—toys (for children under age 9) when deposits are made at a branch and dividends that help build savings faster.

Whether your child wants to save for something big like a new car, or just have a stash of cash, this is the account that gives them the tools needed to make it happen.

Calculate how long it may take to reach a particular savings goal. 
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No monthly fee

You get to keep more of your money rather than paying a monthly service charge.

Free Coin Counting

Cash in without all the counting and rolling.

Free Mobile Deposit

Cash in that birthday check by depositing it within the app.

Walk-Ins Welcome

No appointment required for account opening. 
Pro Parent Tip: Set your child or young adult on your online banking access and transfer money to them to pay for chores. Or, when they add a checking account, you can provide money on the fly for them to use versus having to get cash out of the bank or ATM.
Account benefits

Perks with Your Account

Enjoy 24/7 access to your savings through online banking, while still having the option for personalized, face-to-face service at any of our branches.
Mobile 

Watch Your Account Grow

Open your account and sign up for online banking and you can watch your money grow. Plus, when you add other accounts like checking or maybe another savings account, you can manage those balances and transfer between accounts to ensure you're on top of your financial game. 
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Support

We're Here to Help

Different than some banks, we pride ourselves on providing the services you want and the support that you sometimes need. By phone, in branch or by secure message (within Online Banking), we can help answer any questions you have about your account or how it works or offer help on what may make sense for your future. 

 

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new checking bonus

Open Free Student Checking and Get $50*

It's a no-brainer!  An account that offers you free mobile banking, free debit card rewards, no monthly fee and no minimum balance—plus, you can choose your own debit card design. It's the simplest life hack for feeling like a genius! 

There's More to Love

There's more to know about MIDFLORIDA, here are a few things that we are passionate about. 

Father and son on couch putting change in piggy bank learning about Financial Literacy

Financial Literacy

Use our free Money Minute financial literacy platform to help you gain the knowledge and skills you need to take control of your finances.
Learn More
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Gift of Reading

To foster a love of reading at a young age, MIDFLORIDA has been donating over 20,000 books to local kindergarten students for nearly 20 years.
Learn More
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Scholarships

We're proud to support local high school seniors in Polk and Highlands counties through our Rebecca Keith scholarship program, helping them pursue higher education and achieve their academic goals.
Learn More
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MIDFLORIDA Cares

At the heart of MIDFLORIDA is a strong commitment to volunteerism, where employees are encouraged to give back to the community and make a positive impact together. 
Learn More

Youth Savings FAQs

A $5 deposit is all that it takes to open a Youth Savings account. Joint owner or custodian requirements vary by account ownership type and age of minor. 

Youth Savings accounts are available for kids and young adults up to age 20. 

To open a Youth Savings or Student Checking the following ID requirements apply: A parent or guardian is required as a joint owner on all accounts where the minor is 14 and under. Youth 10-20 years old with a parent or guardian as a joint owner must provide their Social Security number and the parent or guardian must have a valid Florida driver's license, Florida ID card, or Military ID. Youth 15-20 can open an account without a parent or guardian as a joint owner and must provide their Social Security number and have a valid Florida driver's license, Florida ID, or Military ID.
* Offer valid as of November 1, 2024, and may be canceled at any time without notice. MIDFLORIDA Credit Union membership and eligibility requirements apply. See associate for details regarding terms and fees. The Absolutely Free Student Checking account is designed for individual MIDFLORIDA members 10-20 years old. $25 minimum opening deposit required. Depending on age, the account may require a parent or guardian’s signature. Identification (school or government-issued ID) required to open account; driver’s license or government- issued ID required for issuance of debit card. To qualify for the $50 incentive, you must open a new Absolutely Free Student Checking account, accept and open online banking, eStatement and a debit card; and complete five debit card purchase transactions which must post within one calendar month (to be completed within the first 60 days of account opening). No dividends are paid on Absolutely Free Student Checking. Annual Percentage Yield is 0.00%. Limit one incentive per Social Security number. Past checking account holders and previous recipients of checking account incentives are ineligible. The incentive will be deposited to new Absolutely Free Student Checking account on the 61st day after the qualifications have been met and will be reported to the IRS.