Little tourists boy and girl holding hands go to family camping

Start on the right financial path by saving early.

A Youth Account is a smart way for children to take their first step towards successful money management.

By belonging to Rhode Island Credit Union, children become eligible for a large variety of products and services throughout their lifetime. Starting an account at a young age gives children the perfect opportunity to learn the importance of managing money. They can watch their account balance grow as they earn dividends. They can even benefit from higher dividend rates with a Certificate of Deposit.


Help your kids learn more about money and finance by:

  • Establishing healthy money habits and increased understanding of every day money management
  • Teaching financial discipline, goal-setting and planning, while building security and independence
  • Growing awareness of various investment accounts and opportunities
  • Increasing overall financial education and experience which can lead to increased opportunity for long-term financial success


Account available for children age 12 and under

Earn Prime Share Account rate on average daily balance of $100 or more

No monthly or annual fees

Choice of a free opening gift

Special offerings including games, contests and special events


How to Open a Youth Account:

Visit any branch location in person

An adult must be joint on the account and present two forms of acceptable identification

Original Social Security Card and Birth Certificate required for the minor

Account TypeMinimum Average Daily Balance to Earn stated APYRateAPY*
Prime Share Account$100.000.05%0.05%
Capital Account$1,000.000.10%0.10%
Vacation Club Accountnone0.05%0.05%
Christmas Club Accountnone0.05%0.05%
IRA Share Accountnone0.20%0.20%
Health Savings Accountnone0.20%0.20%

Last Dividend Declaration Date: 06/30/24
*APY is Annual Percentage Yield. Your interest rate and annual percentage yield may change after account is opened. Prime Share Account minimum balance is $5.00. Fees may reduce earnings. Please contact any branch office for further information concerning our Truth-In-Savings Disclosure.