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Justice Federal Credit Union Young Savers account review

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Enjoy no monthly fees and a $5 opening deposit — but with subpar interest rates.

The Justice Federal Credit Union Young Savers account helps your kid get a jump start on savings with no service fees and a low $5 opening deposit. But the APY maxes out at 0.2% — a rate much lower than the competition. And you must be a Federal Justice Credit Union member to open.

Up to 0.20%





Minimum deposit to open


APY0.20% on balances of $20,000+
0.15% on balances of $5 to $19,999
Minimum deposit to open$5
Minimum balance to earn interest$0
Interest compoundingMonthly
Fee per transaction over the limit$5
More Info

Expert review

Cassidy Horton

Review by

Cassidy Horton is a writer for Finder, specializing in banking and investments. She has a Bachelor of Science in Public Relations and a Master of Business Administration from Georgia Southern University. Cassidy enjoys educating people about financial services, exploring the Pacific Northwest and watching endless reruns of The Office.

Expert review

The Justice Federal Credit Union Young Savers account is best for kids whose parents already bank or plan on banking with Justice Federal. The account has no monthly fees and a low $5 opening deposit.

But other than that, it’s a standard kids’ banking account with subpar APYs. The going rate is currently 0.15% on balances up to $19,999 and 0.2% on balances of $20,000 or more. Unless you have your heart set on Justice Federal, your kid’s savings will grow faster in a free account from Alliant Credit Union or Capital One.

What are the benefits of a Justice Federal Credit Union Young Savers account?

The Justice Federal Credit Union Young Savers account is insured by the National Credit Union Administration and comes with these perks:

  • Low opening deposit. All you need is $5 to open an account to begin helping your child start saving.
  • No minimum account balance. Earn interest on your total account balance — no strings attached.
  • No monthly fees. This account is free to open and maintain, so fees won’t eat into your child’s savings.

What should I look out for?

The Justice Federal Credit Union Young Savers account has a few drawbacks:

  • Low APY. You’ll earn 0.15% APY on balances up to $19,999 and 0.2% on balances of $20,000 or more. While higher than the national average, you’ll earn more interest with other savings accounts for kids.
  • Can’t open online. As with most savings accounts for kids, you must visit a local branch or call customer service to get started.
  • Limited branch locations. Justice Federal has 28 branches across California, Florida, Georgia, Illinois, New York, Texas, Virginia, Washington, DC, and West Virginia. If you live outside this area, you’re limited to phone support.
  • Open to members only. Because Justice Federal is a credit union, you must establish membership before you can open a Young Savers account.

Who can join Justice Federal Credit Union?

Justice Federal Credit Union is open to anyone who meets one of these requirements:

  • Employee or retiree of the Department of Justice, the Department of Homeland Security, Georgia Department of Public Safety or the City of Bridgeport, West Virginia
  • Member of the Law Enforcement Association
  • Family member of an eligible person

If you’re looking to grow your savings with a higher interest rate, compare other savings accounts for kids from top-rated banks.

Compare with other savings accounts

Name Product Interest rates (APY) Fee Minimum deposit to open Interest earned More info
Alliant Kids Savings Account
Read review
View details
This Kids Savings Account has no maintenance fees with e-statements and a high APY with a minimum daily balance of $100.
Capital One Kids Savings Account
Read review
View details
Kids Savings Accounts are fee-free and don’t require a minimum balance.
BECU Early Saver Youth Account

4.07% on $0 to $500
0.02% on $500.01+
Read review
View details
Offers your child a premium interest rate on the first $500 in deposits.
Justice Federal Credit Union Young Savers

0.20% on $20,000+
0.15% on $5 to $19,999
Read review
View details
Justice Federal designed the Young Savers Account especially for children to start saving money early and to learn money management skills.
Bank of America Minor Savings Account
Read review
View details
Help a child build a savings account and learn about banking.

Compare up to 4 providers

How do I open a Justice Federal Credit Union Young Savers account?

The only way to open a Justice Federal Young Savers account is by visiting a local branch or calling 800-550-5328.


  • At least 18 years old
  • Social Security number
  • US residential address
  • Government-issued photo ID
  • Justice Federal Credit Union membership
  • $5 opening deposit

Your child must meet these requirements:

  • Younger than 18
  • Social Security number

Required information

Have this information on hand when opening your account:

  • Personal contact information
  • Government-issued ID number
  • US residential address
  • Social Security number for you and your kid
  • Date of birth
  • Debit card or checking account information for deposit

How do I deposit or withdraw my money?

The Justice Federal Credit Union Young Savers account doesn’t come with an ATM card, so access is limited to these methods:


  • Cash or check deposit at a local branch
  • External transfer from another bank
  • Transfer from another Justice Federal Credit Union account


  • Cash withdrawals at a local branch
  • External transfer to another bank
  • Transfer to another Justice Federal Credit Union account

What other savings options does Justice Federal Credit Union offer?

Justice Federal Credit Union offers other savings options:

  • Justice Federal Share Savings account. This standard savings account has a low $5 opening deposit and earns up to 0.1% interest. Justice Federal requires every new member to open this account when they join.
  • Justice Federal Savers Club account. Save up for the holidays, a vacation or a big purchase with this account. You choose your own maturity date, then make regular transfers until your account reaches maturity.
  • Justice Federal Money Market account. Get checkwriting privileges, a debit card and earn up to 0.35% APY on balances of $2,500 or more with this account.
  • Justice Federal Share CD. Has a low $500 opening deposit with flexible terms ranging from three months to five years.

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