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Youth Covenant Savings™

Encourage thrift and fiscal responsibility for young people age 18 and under! Earn a higher rate on deposits made to a Youth Covenant Savings account (if matched by a parent, grandparent, mentor, or other adult).

Account specifications

In a Youth Covenant Savings Account:

  • Deposits can be made at any time.
  • One free withdrawal per year. A fee of $5 applies for each additional withdrawal in the same year.
  • Automatic transfer to a regular savings account when a young person reaches age 18

Signing up for Youth Covenant Savings™

For young people ages 18 and under to secure the higher Youth Covenant Savings rate, Everence Federal Credit Union asks an adult to sign a matching agreement. Download this agreement, have a parent or other adult fill it out and sign it, then bring or fax it to one of our offices.