Savings

Q: Who can open a Youth Savings Account?

A Youth Savings Account is available for minors ages 0 to 17 . A parent or legal guardian must be a joint owner on the account.

Q: Why should my child have a savings account?

A Youth Savings Account teaches valuable financial lessons, including: How to track their money How to use digital banking tools The importance of saving instead of borrowing How compound interest helps money grow Developing disciplined saving habits Building self-reliance and financial freedom

Q: How do we open a Youth Savings Account?

Visit any Downriver Community Federal Credit Union office with: A valid government-issued ID for the parent/guardian The child’s Social Security number The minimum opening deposit of $5.00 A member service representative will help you get started.

Q: Is there a minimum deposit required to open the account?

Yes. A minimum deposit of $5.00 per Joint Owner in a Youth Savings Account is required ($10 total for minor and adult).

Q: Can my child access their account online or on mobile?

Yes! Once the account is set up, both the child (with parent/guardian permission) and the joint owner can access the account via Online Banking and Mobile Banking with eStatements available.

Q: Can my minor child open a checking account?

Only minors age 13-17 are eligible to open a checking account with a parent or legal guardian as a required joint owner. Our Level Up Teen Checking is available to help teens build financial confidence , gain real-world money skills , and unlock rewards and bonuses ! Click here to learn more about the Level Up Teen Checking Account !

Save for What Matters Most

Whether you're building an emergency fund, saving for a home, planning for retirement, or preparing for life's next adventure, Downriver Community Federal Credit Union offers savings solutions designed to help you move forward with confidence.

Helping People Use Money to Accomplish Great Things!

Since 1942, we've provided members with a safe, secure place to save. Today, we continue that tradition by making it simple to choose the savings account that fits your goals and every stage of life.

Why Save with Downriver Community Federal Credit Union?

Savings options for every stage of life.
Simple access to accounts that help you work toward your goals.
Friendly guidance from people who care about your financial success.
Federally insured deposits for added peace of mind.

Explore Our Savings Options

Choose from savings accounts designed for everyday saving, youth members, special goals, holiday planning, and higher-balance opportunities. Use the tabs on this page to compare your options and find the account that best fits what you're trying to accomplish.

Need Help Choosing?

Not sure which savings account is right for you? Our team would be happy to review your options and help you take the next step toward your goal.

If you're looking for investment guidance, we can also help schedule an appointment with one of our Investment Partners.

Contact us today or visit any branch to get started.

Your money at Downriver Community Federal Credit Union is federally insured up to at least $250,000 by the National Credit Union Administration (NCUA), an independent agency of the United States Government.

Youth Savings

Youth Savings

Give your child a head start toward financial success.

A Youth Savings Account helps children and teens develop healthy money habits that can serve them throughout their lives. With just a $5 opening deposit, you can help your child begin learning the value of saving and preparing for future goals.

Helping People Use Money to Accomplish Great Things!

Account Features

Available for children and teens ages 0-17 with a parent or legal guardian as joint owner.
Open an account with as little as $5.
No monthly service fees.
No minimum balance fees.
Free eStatements.
Free Online Banking.
Level Up Teen Checking is available for members ages 13-17.