Reminder: All Island Federal branches will be closed on Monday, September 4, 2023 in observance of Labor Day.

Youth Savings Products

Jumpstart your child’s financial future with our “HIGH FIVE” Youth Savings Account and Youth Certificates.

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"High Five" Youth Savings Account 1

EARN MORE:  5.00% APY* on the first $5002

LEARN MORE: As they see their money grow

  • Available for children 16 and under
  • No deposit needed to open an account (we’ll provide you with your first $1)
  • Grow savings account balances via in-person deposit, by mail or from parent direct deposit or transfer
*APY= Annual Percentage Yield. Rates and terms accurate as of 10/16/2022 and subject to change without notice. 1 High Five Youth Savings available for children 16 and under. 2 Balances from $1.00 to $500.00 earn 5.00% APY. Balances over $500.00 will earn the current savings APY; see rate sheet for current rates. To obtain the blended dividend rate there is a limit of one account for each unique minor/joint ownership. Dividends are calculated on daily balance and credited monthly. Membership eligibility applies.

Youth Certificates

Earn high interest at a fixed rate with Youth Certificates

  • Only a $500 minimum balance with terms from 3 to 60 months.
  • With guaranteed interest over a set period of time, you can plan your child’s financial future for years to come.