Youth Savings - Knoxville TVA Employees Credit Union

A Smart Start for Their First Debit Card

When you open a KTVAECU^® Jump Start Savings ¹ account, you get access to a debit card. 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 grows
• Add funds easily for birthdays, holidays, and milestones
• See how money, saving, and spending work together

Open a Jump Start Savings Account at any branch!

Branch Locations Contact Us

KTVAECU Debit Card

We Partner with Greenlight^©

KTVAECU partners 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.

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.

Greenlight profile and game screen

For kids:

Their own debit card (with parental controls in place)
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

Greenlight profile and homepage on a phone screen

For parents:

Instant money transfers
Custom spending controls
Real-time purchase notifications
Turn card on/off with one tap
Chore and job management

Financial Education for Every Stage

At KTVAECU, we're committed to helping families teach kids the basics of money: from saving and spending to smart decision-making.

Through hands-on tools, trusted guidance, and family-focused resources, we're here to support your child's financial journey every step of the way.

Financial Education Tools KTVAECU YouTube Budgeting Worksheet

Frequently Asked Questions

What age will my child be eligible for a Jump Start Savings Account?

Any minor under the age of 18 years old is eligible to open a Jump Start Savings Account.
How can I open an account for my child?

To open an account for your child, visit any branch and our team will be happy to assist you.
Does my child need a checking account?

You can open a checking account for your child, however a debit card can be linked to a Jump Start Savings Account as well.
Is a debit card from KTVAECU safe to use?

Yes. Debit cards include built-in protections and parental oversights to help ensure safe use. Parents are able to monitor activity and guide responsible spending.
Is Greenlight a debit card or a credit card?

Greenlight is a debit card for kids, not a credit card. Parents load money onto the card from their own funding source connected through their Greenlight app. And because it’s a debit card, kids can’t spend what isn’t there.
Can I send money to my child's Greenlight card from the KTVAECU® app or website?

No, Greenlight is its own individual app, but within the Greenlight app you can send money to your child’s card, turn their card on/off, set up spending controls, allowance, chores and more.
Is there a minimum age to have a Greenlight card?

Greenlight supports kids and grown-ups of all ages. There is no minimum (or maximum) age for participation. The Primary account holder must be at least 18 years old and a U.S. resident.
Can existing Greenlight customers be added to the program?

Yes! Once existing Greenlight customers add their Knoxville TVA Employees Credit Union account as a funding source they can reach out to Greenlight customer service and request to be added to the Knoxville TVA Employees Credit Union partnership program.

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.