Let your kids watch their money grow when they earn a generous dividend rate of 5.00% APY* on the first $1,000! Our Youth Savings and Young Adult Savings accounts are a great way for parents to give their kids the opportunity to learn financial responsibility by saving money in their very own account. The youth is the primary account holder, which means the account can develop with your child as they get older.
After your child turns 18 years of age, the account will automatically convert to a Young Adult Savings account, which will earn an even higher dividend rate of 7.00% APY* while also providing access to the next financial products and services needed to transition into adulthood.
Special Savings Accounts and Certificates can be added to this account. Members ages 13 - 15 can enjoy Simply Checking or High Rewards Checking when a responsible adult is also on the account. Members who are 16 or 17 can add a checking as long as they have a government-issued ID. LGE debit cards have no monthly fee, and you can even order a Spirit Card with the design of your high school!
No joint owner is required, and any other credit union products and services that you qualify for, such as an auto loan, credit card, or Courtesy Pay for your checking account, may be added to the account.
Youth and young adult savings accounts are available to members through age 22 and are limited to one account per person. See our Rate Schedule for current rate and APY. Fees could reduce earnings on accounts. Both the Rate Schedule and Fee Schedule are available on this website or visit any branch for a copy.