Open your BECU Early Saver Youth Account by following these steps:
- Go to the provider’s site and follow the steps to apply.
- From BECU’s website, click the Everyday banking tab, then Youth savings.
- Click Open an account.
- Download the application and fill it out.
- Drop the application off at a local BECU branch or mail it to:
PO Box 97050
Seattle, WA 98124-7650
To apply, parents must be at least 18 years old and children must be under the age of 18. You’ll also need to meet the following eligibility requirements:
- Valid Social Security number
- Valid US residential address
- Current BECU member
Have this information ready when you open your BECU Early Saver Youth Account:
- Full name and date of birth
- Government-issued photo ID
- Social Security number or individual taxpayer ID number (ITIN)
- Proof of address
Who can join Boeing Employee Credit Union?
There are three ways to qualify for a BECU membership:
- You live or own a business in:
- Washington state
- These Oregon counties: Benton, Clackamas, Columbia, Lane, Linn, Marion, Multnomah, Polk, Washington and Yamhill counties
- These Idaho counties: Benewah, Bonner, Boundary, Clearwater, Idaho, Kootenai, Latah, Lewis, Nez Perce and Shoshone
- You work for Boeing, BECU or another credit union
- You’re a member, volunteer, employee or retiree of the University of Washington Alumni Association, Washington State University Alumni Association, NW Credit Union Foundation or KEXP.
The Early Saver Youth account is insured by the National Credit Union Administration and comes with these benefits:
- High introductory APY. Kids can watch their savings stack up with a 4.07% on the first $500 in their account — that’s an automatic $10.19 in interest. But the rate drops to 0.02% for balances of over $500.
- No monthly fees. No monthly maintenance fees, so your kid can keep more money for themselves.
- No opening deposit. Open an account with as little or as much money as you’d like.
- ATM card. Use your ATM card to withdraw cash for free at any BECU or CO-OP ATM nationwide.
Before opening a BECU Early Saver Youth Account, keep on eye out for these potential drawbacks:
- APY may not be worth it. If your child keeps more than $2,500 in their account, they’ll likely earn more interest with one of these kids’ savings accounts.
- No online application. As with some other kids savings accounts, you can’t open this one online. You can download the application from BECU’s website and either drop it off at a local branch or mail it in.
- Membership requirements. You’ll need to be a BECU member to open this account. BECU primarily services those who work and live in Washington or select counties in Oregon and Idaho.
- Account converts at 18. Like most kid’s saving accounts, the BECU Early Saver Youth account will convert into a Share Savings or Free Checking account once your child turns 18. At that point, you can remove yourself as a joint owner if you want.
- Limited to one per child. While you can open as many standard savings accounts as you want for your kid, BECU limits you to one Early Saver Youth account per child.
If you’re looking for a similar kids’ savings account you can open online, check out Capital One Kids Savings or Alliant Kids Savings.
Use this table to see how BECU Early Saver Youth stacks up against other savings accounts. Want to get a sneak peek of how much interest you could earn? Enter your deposit amount into the box and click Calculate.
Here are all the ways you can deposit and withdraw money from your BECU Early Saver Youth Account:
- Cash or checks at a local branch
- Cash deposit at an ATM
- Direct deposit
- Mobile check deposit
- Transfer from another BECU account
- ACH transfer from an external account
- Local branch
- Transfer to another BECU account
- ACH transfer to an external account
If you want to speak to a customer service representative about your account, you can:
- Visit a local branch
- Call customer service at 800-233-2328 weekdays from 7 a.m. to 7 p.m. PT and Saturdays from 9 a.m. to 1 p.m. PT.
- Send a message through the mobile app or online banking portal
BECU has quite a few savings accounts for individuals and businesses alike:
- Member Share Savings. Includes an ATM card for quick cash withdrawals and has no minimum balance requirements or monthly fees.
- Member Advantage Savings. Earn up to 2.02% on the first $500 in your account. Has no monthly fees and comes with up to $6 in non-network ATM refunds a month.
- Money Market. A free savings account with checkwriting privileges and tiered interest rates.
- Member Advantage Money Market. Take advantage of a higher APY on this money market account when you opt in to receive e-statements and make one electronic transaction a month.
- Regular CD. Open with as little as $500. Terms range from three months to five years and you’ll get access to higher APYs with Member Advantage.
- Bump CD. Open this 12- or 24-month CD and get one rate increase before maturity.
- Add-to CD. Unlike other CDs, you can open this one with as little as $100 and make contributions at any time.
- Veterans Family Fund CD. With this six-month CD, half the interest you earn goes to support veteran families in need and the other half is yours to keep.
BECU business accounts
- Business Member Share savings. Earns interest and has no monthly fees. BECU recommends it for businesses with balances under $10,000.
- Business Money Market account. Earns a higher APY than a Share savings account, comes with checkwriting privileges and is recommended for businesses that save more than $10,000.
- Business fixed-rate CDs. Lock excess capital away for three months to five years. Minimum deposit to open is $500.
Savings account ratings
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
We analyze top savings accounts and rate them one to five stars based on factors that are most important to you. These factors include: interest rates, monthly fees, minimum deposits, customer service and account features.
Read the full methodology of how we rate savings accounts.