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Begin Saving Account

family with piggy bank

Save Young, Save Often

The Begin Saving Account is a great way for children to open a kids savings account, enabling them to save money from allowances, jobs, and birthday and holiday gifts. With the higher dividend rate granted to our kids savings accounts, you’ll see your money grow a lot faster at the credit union than at home in your piggy bank.

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Never Too Early

Teaching financially healthy habits at a young age can help your child save, spend, and share wisely. Kids learn the value of money by saving on a regular basis. Start early by depositing allowances, and birthday and holiday money in a Begin Saving Account today! This account is available to anyone through the age of 26.*

  • No minimum balance
  • $5 to open
  • Balance earns a premium rate from the first penny deposited, equal to the highest tier on our money market savings accounts on full balance up to $500. Any amount above that limit earns our standard savings rate.
young boy putting coin in piggy bank

*The Begin Saving Account is available to members through the age of 26. The premium rate tier will be discontinued automatically during the month following the member's 27th birthday, with the dividend rate adjusting to the Primary Savings (Regular) Share Account rate.

bccu-kids-club-3-min
Here are some suggestions to earn money as you get older, so you can save more.

  • Get a part-time job

  • Babysit

  • Do extra work around the house

  • Walk dogs or pet sit

  • Do yard work

FAQs

Why do I need an adult to open a kids savings account?

Bellwether cannot open a kid's savings account without the presence and signature of a parent or legal guardian. That's because minors cannot legally consent and sign the credit union's agreements if they are under the age of 16.

Can a parent access a kids savings account?

If the adult is a joint owner or a custodial presence on the account, they will have full access to the funds.

Our site complies with COPPA (Children’s Online Privacy Protection Act).

Read our Children’s Online Privacy Statement

An adult is required on all accounts for children through the age of 15. The child’s social security number is required to receive benefits. Three account types qualify for use as a Begin Saving Account:

Custodial Accounts: Requires the adult on the account to authorize all withdrawals.

Joint accounts (non-custodial): Does not require the adult's signature for withdrawals.

Individual accounts: Does not require an adult for children ages 16-17.

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