Youth Covenant Savings

With Youth Covenant Savings, you can encourage thrift and fiscal responsibility in young people under age 18, and earn a higher rate on deposits made to this account.

Membership application Matching agreement

couple with baby

Account features

Start saving early

Teach the child in your life to start saving with a Youth Covenant Savings account. This special account has additional benefits to a regular savings account.
boys filling a piggy bank

Youth Covenant Savings benefits

  • Higher dividend rate
    When a parent, grandparent, mentor or other adult matches deposits made by a young person, a higher dividend rate is paid with a Youth Covenant Savings account.
  • Adult match
    An adult match can be made in many forms — dollar for dollar, cents on each dollar or an annual contribution.
  • Free withdrawal
    One free withdrawal can be made per year1.
  • Flexible deposits
    Deposits can be made at any time.

The account switches to a regular savings account when the young person reaches age 18.

Certificate specials

A special certificate just for youth

  • 3% for 60 months2 for members under the age of 18

Everence offers competitive rates for all types of accounts, find out which might be the right one for you!

Learn more

Sign up for Youth Covenant Savings

If the young person isn't a member, first complete the membership application. Then, an adult must sign a matching agreement so the young person will receive the higher Youth Covenant Savings rate.

Membership application Matching agreement

Bring in, mail or fax the completed application and matching agreement to one of our offices.

Everence Federal Credit Union

2160 Lincoln Highway E., Suite 20
Lancaster, PA 17602
T: (800) 451-5719
F: (717) 735-8331 

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Why make the switch?

Everence is not just another credit union. We help our members put their values into practice through mutual aid, community support and people helping people. We've developed ways to make this happen, by integrating unique features into our products and services.

Member benefits


A fee of $5 applies for each additional withdrawal in the same year. 

2 3.03% APY (Annual Percentage Yield). For members under 18, only one youth certificate per member. Maximum balance allowed is $500. This certificate will roll over into a 12-month certificate at the then current rate. Offer may be withdrawn at any time. Penalty for early withdrawal. Penalty waived if the child takes out an Everence student loan.