Justice Federal Credit Union Young Savers account review

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

finder.com’s rating: 4.0 / 5.0


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.

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Up to 0.25%





Minimum deposit to open


Annual percentage yield (APY)0.25% on balances of $20,000+
0.20% 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

Review by

Cassidy Horton is a writer for Finder, specializing in banking and kids’ debit cards. She’s been featured on Legal Zoom, MSN, and Consolidated Credit and has a Bachelor of Science in Public Relations and a Master of Business Administration from Georgia Southern University. When not writing, you can find her 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 rate is currently 0.2% on balances up to $19,999 and 0.25% 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 kids savings account from Alliant or Capital One.

The Alliant Kids Savings account earns 0.55% APY and the Capital One Kids Savings account earns 0.3% APY. If you made an initial deposit of $1,000 in the Alliant account, and you contributed an additional $100 each month for a year, you’d end the year with a balance of $2,209.09. If you kept the same amount of money in Capital One Kids’ Savings account, your balance after 12 months would be $2204.96. But if you funded the Justice FCU Young Savers account with the same amount, you’d have $2,202.48 when 12 months is up.

The differences between these amounts might seem negligible, but they get more substantial the longer your account is open. So if you want to earn the most interest possible, Justice FCU’s Young Savers account likely isn’t your best bet.

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

To open a Justice FCU Young Savers account, you must first be a member of the credit union. Although you can apply for membership via the credit union’s website, you can’t open a Youth Savers account online. To open this account, you must visit a local branch or call 800-550-5328.

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


  • 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

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 0.2% APY on balances up to $19,999 and 0.25% on balances of $20,000 or more. While higher than the national average, you’ll earn more interest with other savings accounts for kids. It’s also important to note that interest on this account compounds monthly, rather than daily.
  • 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 20 branches across Georgia, California, Illinois, Florida, Texas, New York, Virginia, West Virginia and Washington D.C. If you don’t live in one of these areas, 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.

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

Compare Justice First Credit Union Young Savers to other kids savings accounts

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BECU Early Saver Youth Account
Finder Rating: 4.7 / 5: ★★★★★
BECU Early Saver Youth Account



Offers your child a premium interest rate on the first $500 in deposits.
Justice Federal Credit Union Young Savers
Finder Rating: 4 / 5: ★★★★★
Justice Federal Credit Union Young Savers



Justice Federal designed the Young Savers Account especially for children to start saving money early and to learn money management skills.

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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

How to contact Justice Federal Credit Union

There are a few ways to reach Justice Federal Credit Union customer service:

  • Call 800-550-5328 weekdays from 8:30 a.m. to 8 p.m. ET.
  • Send a secure email through your account portal or a standard email to jfcu@jfcu.org
  • Mail your questions to:
    Justice Federal Credit Union
    5175 Parkstone Drive, Suite 200
    Chantilly, VA 20151
  • Visit a local branch

What happens when my kid turns 18?

When your kid turns 18 years old, this account will automatically convert into a regular Justice FCU savings account, which has a lower interest rate.

How do I close my child’s Justice Federal Credit Union Young Savers account?

Call Justice Federal Credit Union at 800-550-5328 or visit a local branch to start the account closeout process.

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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★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

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Read the full methodology of how we rate savings accounts.

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