Youth Savings - Knoxville TVA Employees Credit Union

Set Your Child up for Success

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.

Why parents choose youth savings accounts:

Opportunity to earn dividends: Savings grow while money is kept safely
Build financial responsibility early: Kids learn how saving is beneficial in real life
Easy contributions from family and friends: Parents, grandparents, and other loved ones can add funds for birthdays, holidays, and milestones
Reach savings goals: Build a secure future for your child

Open an account at any of our branches!

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Piggy bank with a coin deposited in it

Man holding his son and smiling

Jump Start Savings Account ¹

A Jump Start Savings Account from KTVAECU^® helps you teach kids smart money habits early. Designed just for kids, this youth savings account offers a safe place to save birthday money, allowances, and gifts, while parents stay involved as joint owners.

Key features:

3.00% APY on the first $500.00
$5.00 minimum balance to get started
Quarterly dividends
No monthly fees

Open a Jump Start Savings Account at any branch!

Branch Locations

Other Savings Accounts

Deciding which savings account is the right choice for your child is easy. See the breakdown below for information on our account options.

Educational Savings ²

Best for saving for college/trade school.

This account is built specifically for educational purposes. It helps families set aside funds over time for tuition, books, and training expenses, making future education costs easier to manage.

U-Name-It Savings ³

Best for personalized goals.

Create a savings account meant for your needs, whether it’s a car, travel, or a future milestone. This account allows families to customize savings goals while enjoying easy access and flexibility.

GET STARTED WITH U-NAME-IT SAVINGS

U-Name-It Savings

Best for personalized goals.

Create a savings account meant for your needs, whether it’s a car, travel, or a future milestone. This account allows families to customize savings goals while enjoying easy access and flexibility.

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.

KTVAECU YouTube Financial Education Budgeting Worksheet

Frequently Asked Questions

How much money do I need to open a youth savings account?

To open a Jump Start Savings Account, a minimum balance of $5.00 is required. There is no minimum fee required for an Educational Savings Account or a U-Name-It Account.
Can grandparents, family, or friends contribute to a youth savings account?

Yes, relatives are allowed to contribute to the account!
Do youth savings accounts earn dividends?

If you open a Jump Start Savings or Educational Account for your child, they will earn dividends.
What are the benefits of opening a Youth Savings Account?

Youth savings accounts help kids earn interest on their balance, build savings habits from an early age, track progress toward money goals, and receive family contributions easily.
What is the minimum age to open a savings account for my child?

You can open a savings account for your child at any age.

Disclosures

¹ Jump Start Savings is a tiered-rate account for minors under 18 years of age. Must have a parent or legal guardian on the account. Minimum $5.00 to open a Jump Start Savings account. Monthly qualification cycle begins on the first day and ends on the last day of the calendar month. Terms and conditions may apply. APY = Annual Percentage Yield. Rate effective February 2026 and subject to change. PREMIUM RATE of 3.00% APY is earned on balances up to $500.00. NON-PREMIUM RATE of 0.15% APY minimum is earned on balances of $500.01 or more. When the account is closed, 0.15% APY applies for the month the account is closed. Some restrictions may apply. Fees may reduce earnings. Ask for details.

² APY = Annual Percentage Yield. Rates current as of posted rate table. No minimum opening deposit. Must be open for a minimum of three years and pays out on your child’s college entrance date or 18th birthday, whichever comes first. Fees could reduce the earnings on the account. Available to qualifying Members. Some restrictions may apply. Ask for details.

³ APY = Annual Percentage Yield. Available to qualifying Members. Some restrictions may apply. Ask for details. Ask for details. Fees may reduce earnings. Limits on number of non-signature transactions may be imposed as required by regulation or Credit Union policy. Non-signature transactions may include those made over the phone, via online or telephone banking, or automatically by the Credit Union.