The account switches to a regular savings account when the young person reaches age 18.
Everence offers competitive rates for all types of accounts, find out which might be the right one for you!
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.
Bring in, mail or fax the completed application and matching agreement to one of our offices.
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.
1 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 Offer may be withdrawn at any time.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.