Youth Savings Products
Jumpstart your child’s financial future with our “HIGH FIVE” Youth Savings Account and Youth Certificates.
"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.
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Cash Back Checking
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Savings
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Certificates
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College Loan
Save on college expenses with Island Federal