Youth and student
First Nest Youth Savings
Ages 0 to 15, a stronger start
A first savings account that makes saving feel real. Kids up to 15 earn 4.00% APY on their first $1,000, get a $5 birthday deposit every year from 5 to 12, and can watch their balance grow in the family app view.
- APY
- 4.00%
- Monthly fee
- $0
- To open
- $5
APY on the first $1,000; 0.75% above that.
Sample rate · October 2026
What you get
- 4.00% APY on the first $1,000, a real reason to save
- Birthday match: we add $5 every year from ages 5 to 12
- Kid-friendly savings tracker in the family app view
- Passbook stamps at any branch, because kids love stamps
Best for: Teaching kids that saving actually does something.
| Item | Cost |
|---|---|
| Monthly fee | $0 |
| To open | $5 |
| Rate on the first $1,000 | 4.00% APY |
| Rate above $1,000 | 0.75% APY |
| Birthday match | $5 a year, ages 5 to 12 |
| Withdrawals | Free, with a parent or guardian |
Sample figures for a fictional credit union, as of October 2026. APY means annual percentage yield. Rates are variable and can change after the account is opened. Fees could reduce earnings.
Questions
What members ask about First Nest Youth Savings
Still wondering? Read the full FAQ or ask a person.
Who owns the account?
The child is the owner, with a parent or guardian as joint owner until 18. Anyone can make deposits. Withdrawals need the adult.
What happens at 16?
First Nest becomes a regular savings account, and your teen can open Student Checking. The balance and the habit both carry over.
Do kids really get passbook stamps?
Yes. Bring the passbook to any branch and a teller stamps each deposit. It sounds old-fashioned. Kids love it anyway.
Pairs well with
- Student Checking The next step at 16: free checking with a parent co-view. Learn more
- Free money guides Plain-language guides and Money Basics classes for families. Learn more
- Premier Checking The family account whose waiver is built for household deposits. Learn more
Also in youth and student: Student Checking
Open First Nest Youth Savings in about ten minutes
Membership starts with a $5 share. Add First Nest Youth Savings on step two of the application, or open it at any of our five branches.