Smart banking for our youngest members
We’re empowering our youngest members to grow with their community. It's never too early to teach kids and teens about smart money habits, so we offer exclusive youth and student accounts with great member benefits.
Student Checking
Get your teen on the path to financial responsibility with our free student checking account.
- Designed for ages 13-21
- A debit card helps your student learn responsible spending habits
- They'll gain valuable experience in managing, saving, and spending
- Minors under 18 need a joint member, allowing you to guide their financial journey
Youth Savings
Want to teach your kids the importance of saving? Our Youth Savings account makes it fun and rewarding!
- Help your child develop good financial habits from a young age
- Watch their savings grow faster with up to 1.50% APY1
- Your child can enjoy the benefits of their account even as they become young adults
- Minors under 18 need a joint member, allowing you to oversee their account
| Youth Accounts | Rate* | APR* |
|---|---|---|
| Youth Savings ($0 - $2,000.00) | 1.49% | 1.50% |
| Youth Savings ($2,000+) | 0.04% | 0.04% |
| Youth Checking | 0.00% | 0.00% |
| OPEN AN ACCOUNT | ||
To open a new children’s savings account from Palisades Credit Union, give us a call or visit your nearest branch in Nanuet, New City, or Orangeburg. Membership is open to individuals who live, work, worship, volunteer, or attend school in Rockland County, New York, or Bergen County, New Jersey. New York State employees who work in one of the five boroughs can also join.
1Annual Percentage Yield (APY) effective 8/1/2021 and is subject to change without notice. Additional verification may be requested for account opening. Program terms subject to change. 1.50% APY is earned on balances up to $2,000, balances in excess of $2,000 will earn 0.04% APY. Each dividend rate will apply only to that portion of the account balance within each balance range. $5 minimum balance to open. Fees or other conditions could reduce earnings. At the age of 22, savings accounts are automatically converted into a Share Savings account and checking accounts are automatically convertd into a Basic Checking account. Membership conditions apply. No minimum balance to earn APY.
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