Primeway Financial Freedom Fighters Savings account review

A kids savings account that comes with an ATM card that duals as a debit card.’s rating: 3.2 / 5.0


The Primeway Financial Freedom Fighters Savings account is geared toward children under the age of 13. There’s no minimum age requirement, so you can open an account whenever they’re ready. While it has a low $5 minimum opening deposit, you’ll need at least $100 in the account to earn its meager 0.01% interest.






Minimum deposit to open


Annual percentage yield (APY)0.01%
Minimum deposit to open$5
Minimum balance to earn interest$100
Interest compoundingDaily
Monthly transaction limit6

Review by

Kimberly Ellis is a writer at Finder. She hails from New York City with a BA from Queens College and a New York State teaching certificate. After teaching in both public and private schools, Kimberly decided to take the world by storm and dive into the media industry — where she covers everything from home loans and investing to K–12 education and shopping. She’s also an aspiring polyglot, always in a book and forever on the hunt for the perfect classic red lipstick.

Expert review

A Primeway Financial Freedom Fighters Savings account may be a good starting bank account for kids under 13, depending on your needs. Unlike most savings accounts, this one actually comes with an ATM card that duals as a debit card, giving your child access to cash. But it’s still limited to six monthly withdrawals like most savings accounts.

With Primeway you can also sign your child up for the Good Grades Program if they earn As and Bs on their report card. The program makes them eligible to win cash prizes up to $100.

But it only earns a low 0.01% APY, which is low compared to other savings accounts like Alliant Kids Savings Account which earns 0.55% APY.

If your primary goal is for your child to earn a competitive rate, you’ll want to keep looking. But if you want to motivate them with good grades and give them access to their money, Primeway is a good alternative.

How do I open a Primeway Financial Freedom Fighters Savings account?

Sign up for a account online by following these seven steps.

  1. Go to the provider’s site and follow the steps to apply.
  2. Click or tap Join now.
  3. Review and agree to the terms and designate your eligibility qualification. Hit Done and then Get started.
  4. Choose Youth and enter your initial $5 deposit amount.
  5. Enter your child’s personal information, including their full name and Social Security number.
  6. Review the application.
  7. Fill in your funding details.


To be eligible for a Primeway Financial Freedom Fighters Savings account, you must check off the following requirements.

  • Qualify for Primeway Credit Union membership
  • Your child must be under 13 years old
  • $5 minimum deposit
  • An adult cosigner with a Primeway account

Required information

You’ll need to supply the following details during the application process.

  • Full legal name name
  • Government-issued ID
  • Social Security number
  • Contact information, including your phone number and email
  • Employment information

Who is eligible to join Primeway?

You can join the Primeway credit union if you meet at least one of the following criteria.

  • Live, work, worship or attend school in Houston, Texas or Washington, Fort Bend or Harris Counties
  • Work for a participating Primeway partner

What are the benefits of a savings account with Primeway?

A Primeway kids savings account has heaps of perks.

  • No monthly fee. There are no monthly maintenance fees to worry about with the Primeway Financial Freedom Fighters Savings account.
  • Low opening deposit. While you’ll need at least $5 to sign up for the account, it’s comparable to some top savings accounts for kids, like Alliant’s Kid Savings account.
  • No minimum age requirement. You can open a Primeway Financial Freedom Fighters Savings account for any child under 13 years old.
  • ATM and debit card. This savings account comes with a kids ATM card that has the option to dual as a debit card. As with most savings accounts, you’re capped at six monthly withdrawals.
  • Eligible for the Good Grades Program. Students with all As and Bs on their report cards can win up to $100 in cash prize when they apply for the Good Grades Program.
  • Converts to a student account. When your child turns 13, it automatically converts into a Student Savings account, which is also free and comes with a debit card.

What should I look out for?

There are a few catches to the Primeway Financial Freedom Fighters Savings account.

  • Low interest rate. Your kid savings account only earns 0.01% APY, which is lower than the national average of 0.06% APY.
  • Overdraft fee. It’ll cost you $30 if you don’t have enough money to cover a transaction, and there are no other overdraft protection options for this account.

Compare Primeway Financial Freedom Fighters Savings account with other savings accounts

Explore and compare other savings accounts for kids by monthly fee, APY and minimum opening deposit.

Name Product Annual percentage yield (APY) Fee Minimum deposit to open
Alliant Kids Savings Account
Finder Rating: 4.6 / 5: ★★★★★
Alliant Kids Savings Account
$1 per month
(can be waived)
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
Finder Rating: 4.7 / 5: ★★★★★
Capital One Kids Savings Account
Kids Savings Accounts are fee-free and don’t require a minimum balance.
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.
Bank of America Minor Savings Account
Finder Rating: 3.6 / 5: ★★★★★
Bank of America Minor Savings Account
Help a child build a savings account and learn about banking.

Compare up to 4 providers

How do I deposit or withdraw my money?

Since the Primeway Financial Freedom Fighters Savings account is designed for children under 13, there are only a handful of ways to access the money in the account.

  • ATM deposits and withdrawals
  • Remote check deposits
  • ACH transfers from a Primeway or external bank account
  • Wire transfers

What other savings options does Primeway Federal Credit Union offer?

Primeway offers a few other savings accounts, including:
  • Primeway Financial Primary Savings. A savings account with a $5 minimum opening deposit and a $100 minimum balance to earn 0.01% APY.
  • Primeway Financial Holiday Savings. This account has the same features as a Primary Savings account but comes with penalty-free withdrawals between November 1 and December 31.
  • Primeway Financial Money Market account. A money market account with tiered earnings between 0.05% and 0.13% APY, depending on your account balance. But you’ll need a minimum deposit of $2,500 to open the account and earn interest.
  • Primeway Federal Certificates of deposit. Choose a CD with terms between six months and five years and interest rates ranging from 0.1% and 0.6% APY.

How to contact Primeway about my savings account?

Aside from stopping into one of Primeway’s eight retail centers, the only way to speak to a customer service representative is by calling 713-799-6200 on weekdays between 8:30 a.m. and 5 p.m. CT and Saturdays from 9 a.m. to 2 p.m. CT. If you don’t want to wait on hold, you can request a call back through Primeway’s Contact us page.

Kids’ debit card ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We analyze top debit cards for kids and rate them one to five stars based on factors that are most important to you. We rate kids’ checking accounts by these factors: Monthly fee, features, ATM access, customer support options, and availability. We also consider APY as a factor only for those that earn interest. We rate prepaid debit cards for kids by these factors: monthly fees, features, customer support options and account availability.

Read the full methodology of how we rate Kids’ debit card accounts.

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