Youth Savings Account

Jump Start Youth Savings Account

What is it? A savings account tailored to members ages 18 and younger. They’ll earn a high-yield on the first $500, then continue earning competitive dividends. We’ll even include a piggy bank upon opening.

Best for: Any youth who wants to kickstart their savings habit and work towards saving for a short-term or long-term goal.

Each Wauna Credit Union Savings Account Features:

• Easily transfer funds to internal or external accounts
• Access to our expansive fee-free ATM network
• Direct deposit eligible
• Access via online and mobile banking
• Federally insured through NCUA up to $250,000

Youth Certificate Accounts

What is it? A certificate account from WCU designed to encourage savings for youth. With a minimum opening balance of $500, you’ll agree to leave your money with us for a set period of time in exchange for a guaranteed, fixed dividend during the term. Choose terms ranging from 3 to 60 months.

Best for: Setting aside funds in a safe, low-risk way and who want a guaranteed return over a set period of time.

All Wauna Credit Union Certificate Accounts Feature:

• Low initial deposit requirements
• Dividends compound daily, paid monthly
• Federally insured through NCUA up to $250,000

Coverdell Education Savings Account (ESA)

What is it? Formerly known as an Education IRA, an ESA is a tax-advantaged investment account so you can save towards education expenses from kindergarten to college. Funds can go towards essentials such as tuition, books, uniforms, and more.

Best for: Families who want to set aside money for a child’s future education expenses while enjoying tax-free growth on qualified withdrawals.

To learn more on Coverdell Accounts, please call 800-773-3236.