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
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
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.
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 other popular savings accounts for kids based on their fees, interest rates and minimum initial deposits.
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
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 firstname.lastname@example.org
- Mail your questions to:
Justice Federal Credit Union
5175 Parkstone Drive, Suite 200
Chantilly, VA 20151
- Visit a local branch
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.
Call Justice Federal Credit Union at 800-550-5328 or visit a local branch to start the account closeout process.
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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