Young Savers Account
It’s never too early to learn good savings and money habits. Youth members age 20 and under will earn very competitive dividends from the first $1 deposited.
- Requires $5 on deposit in a regular savings account
- No minimum balance
Spending Account
A customized checking account with debit card access for teens age 13-17, to develop money management skills and establish a good foundation for a healthy financial future.
- Requires parent or guardian joint owner
- No minimum balance
- Unlimited ATM/Debit Card transactions at Health Advantage ATMs, 6 free at non-Health Advantage CU ATMs
- Free eBanking and Bill Pay
- Free eStatements
Youth Share Certificate
A 7-month Youth Certificate for youth members age 20 and under.
- Only one Youth Share Certificate per Youth Account
- Competitive Rate
- $500 minimum investment
- $1,000 maximum investment
- Accrued dividends are transferred into primary shares monthly
Coverdell Education Savings Account
Save up to $2,000 per year, per child until your child reaches 18 with a Health Advantage Federal Credit Union Coverdell ESA. ESA funds may be used for a broad range of qualified expenses for college and public or private K-12 education, including tuition, tutoring, room and board, and even computer equipment. A unique ESA feature is the ability to transfer funds from one child’s account to another in the same family.
Contributions are made with after-tax dollars, but the earnings and withdrawals are tax-free* when used for qualified educational expenses.
Schedule an Appointment to Open an Education IRA
*See a competent tax advisor to help you determine qualifying tax-free items.
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Student Scholarship Program
Whether you are a high school senior or a full-time college student we support furthering your education.
Round Up Savings
Automatically save your change every time you make a purchase with your debit card.
Student Loans
Responsibly fill college funding gaps with a private education line of credit.
Some products may require joint ownership with a parent or guardian that has established credit. Health Advantage Federal Credit Union does not knowingly collect, nor is our web site designed or directed to use personal information from children under the age of 13 without containing verifiable consent from their parents. We do offer a "Youth" section on our web site that children can access external links to other sites that are age-appropriate. Should a child choose to submit information or questions to us, we would only use that information to respond directly to that child, seek parental consent or provide parental notice. No information would be stored.
