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 first-hand about the importance of managing money. They can watch their account balance grow as they earn dividends and 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: 03/31/23
*The Annual Percentage Yield (APY) is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period. The Dividend Rates and Annual Percentage Yields may change quarterly as determined by the Credit Union’s Board of Directors. The Dividend Rates and Annual Percentage Yields are the rates and yields as of the last dividend declaration date which is set forth in this Rate Schedule.  Please contact any branch office for further information concerning our Truth-In-Savings Disclosure.