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Youth Covenant Savings™

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.

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disclaimer

Everence offers credit union services that are federally insured by NCUA. Investments and other products are not NCUA or otherwise federally insured, may involve loss of principal and have no credit union guarantee. All products are not available in all states.

© 2013 Everence