Youth Accounts
Smart Money Habits Start Early
Youth Savings Accounts
Whether your child is saving for college, trade school, or a first car, a savings account helps turn dreams into reality. Early savings gives your child a head start and you peace of mind.
Educational Savings Account1
Set money aside for future school costs.
- Earn competitive dividends
- No minimum opening deposit
- Save for at least three years
- Funds pay out on the first day of school or at age 18
Jump Start Savings Account2
A simple way for kids to start saving early and build good money habits. Parents stay involved as joint owners on the account.
- 3.00% APY on the first $500.00
- $5.00 minimum balance
- Quarterly dividends
- No monthly fees
U-Name-It Savings3
Save for travel, a car, holidays, or other money goals with flexible savings options.
- Set savings goals for important purchases
- Add money anytime and access funds when needed
- Keep savings organized for specific goals
- Save for travel, vehicles, holidays, and future plans
A Smart Start to Their First Debit Account
When you open a Jump Start Savings Account, you get access to a KTVAECU® Debit Card4. This power combo builds confidence and strong money skills from the start. Here’s why families choose a Jump Start Savings Account:
- Learn everyday spending habits with a debit card
- Earn dividends while savings grow
- Add funds easily for birthdays, holidays, and milestones
- See how money, saving, and spending work together
Greenlight5 Partnership
We partnered with Greenlight® to help parents raise financially-smart kids. Greenlight is the loved, trusted financial education app and debit card for kids and teens that lets parents instantly send their kids money, set up chores & allowance, create savings goals, and more.
For Kids
- Their own debit card (with parental controls)
- Savings Goals to set and achieve
- A financial literacy game to “level up” money knowledge
- Allowance for completed chores
- Plus, direct deposit for after-school jobs
For Parents
- Instant money transfers
- Custom spending controls
- Real-time purchase notifications
- Turn card on/off with one tap
- Chore and job management
Knoxville TVA Employees Credit Union Members who register for Greenlight via the unique link and add their account as a funding source receive Greenlight for free. Get Started with Greenlight
Learning Starts Here
We offer free financial education resources to help kids and parents build smart money habits together.
From saving basics to understanding financial goals, these resources make learning about money simple and approachable so families feel confident every step of the way.
Youth Account FAQs
Find answers to common questions about Youth Accounts.
Contact Us
You need a minimum balance of $5.00 to open a Jump Start Savings Account. There is no minimum fee required for an Educational Savings Account or a U-Name-It Account.
Yes, relatives are allowed to contribute to the account.
If you open a Jump Start Savings or Educational Account for your child, they will earn dividends.
You may open a savings account for your child at any age.
You may open a checking account for your child. You also have the option to link a debit card to a Jump Start Savings Account.
To add funds to your child’s Greenlight card, add your KTVAECU account as your funding source within the Greenlight app.
Yes! If you are an existing Greenlight customer, add your account with us as a fund source. Then reach out to Greenlight customer service and request to be added to the Knoxville TVA Employees Credit Union partnership program.