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Kids Savings

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Set your child up for success with a credit union membership!

Because you're a member, your children can become members of the credit union, too! This gives them lifetime access to our low rates and fee-free services, setting them up for success when they're ready to make big purchases later in life. 

Contact a Member Service Representative to open your kid's first account!

Family Membership

What's the benefit of membership for my children?

Becoming a member of RiverLand Federal Credit Union grants your family exclusive, lifetime access to apply for our market-leading loan rates and earn competitive savings rates.

Checking Accounts

Can I open a checking account with a debit card for a child?

Yes! A parent or guardian of the child must be listed as a joint owner on the checking account, and a Debit Card Request for Minor Form is required.  Contact us for more details.

Money Transfers

Can I transfer money easily to my child's account?

Yes! With online banking or our mobile app, you can instantly transfer money to your children's accounts using our Member-to-Member transfer feature. 

 

Kids Savings Account Types

For minors (children under 18 years old), we offer two account types: a straightforward Minor Savings Account and a Uniform Transfers to Minors Account (UTMA). A few of the differences are outlined below. Contact us for more information and to apply. 

Minor Savings Account:

  • Child can be the primary member or joint owner
  • Responsible adult can be anyone
  • Child CAN access the funds

UTMA:

  • Child must be the primary member
  • Responsible adult must be family or guardian
  • Child CANNOT access the funds

Both account types:

  • Earn 0.05% APY* on balances over $105
  • Only $5 minimum balance
  • No monthly fees
Ready to open a Kids Savings?

Contact Us for More Details