Youth-Promo_Internal-Header-MA-2025-rate

Find a Location

Zip Code

ATMs Branches

Youth Savings Promotion

(1) To qualify for the $75 incentive, the All-Stars or Young Millionaires account must be established between April 1, 2025 and April 30, 2025 and funded with an initial deposit of $100 no more than 14 days after account opening. Limited to one incentive per child. Existing All-Stars/Young Millionaires account holders are not eligible. Upon verification, the incentive will be paid within 30 calendar days after the account is established and funded. The incentive is considered a dividend and will be reported on IRS 1099-INT. This is a limited time offer. Certain conditions or restrictions may apply. AgFed reserves the right to withdraw this offer at any time without notice.

(2) APY is Annual Percentage Yield. All-Stars and Young Millionaires accounts will earn 6.00% APY on balances up to $1,000. Balances over $1,000 will earn 0.05% APY. Advertised APY of 6.00% is effective as of 4.1.2025. Dividends are compounded and credited monthly, based on the Average Daily Balance. The dividend rate is paid on the portion of the Average Daily Balance within each balance tier. Rates are set by the Credit Union and are subject to change at any time. The All-Stars savings account is only for members ages 0-12. The Young Millionaires savings account is only for members ages 13-17. Account must be opened with a minimum deposit of $5 to receive dividends. Certain conditions and restrictions may apply. Limited to one account per social security number. Click here to view the complete Share Rate/Truth in Savings disclosure.

Questions & Answers

Youth Savings

Do you have special savings programs for my children?

Yes. AgFed offers an All-Stars account for children up to 12 years of age and a Young Millionaires Club for children ages 13 to 17. Both of these programs offer savings accounts with no fees and other advantages.

Is there a minimum balance requirement or monthly service fee to maintain a Youth Savings account?

A $5 minimum share must be maintained to receive dividends. There are no monthly service fees for Youth Savings accounts.

What happens to my child's All-Stars account when they turn 13?

The account will automatically convert to a Young Millionaires savings account on the first day of the month after the child's 13th birthday.

What happens to my child's Young Millionaires account when they turn 18?

The account will automatically convert into a regular share savings account on the first day of the month after the teen's 18th birthday.

Can I open multiple youth savings accounts for my child?

Only one youth savings account may be opened per Social Security number.

Can my child enroll in Online and Mobile Banking?

Young Millionaires accountholders ages 13-17 may enroll in Online and Mobile banking.

Can my child get a debit card?

Your 16-year or older child may get a debit card for their account with a $250.00 limit.

How can deposits be made into Youth Savings accounts?

Deposits can be made by electronic transfers, at any ATM accepting deposits, at any AgFed or shared branch and by mobile deposit.

Does a Youth Savings Account require a joint owner?

Youth Savings accounts require a parent, legal guardian or grandparent as a joint owner on the account.

If a member is under the age of 18, can they apply for a loan, Visa debit card or overdraft protection?

If a member is a minor, they cannot apply for a loan or for overdraft protection. However, members who are 16 to 17 years old may have a checking account with a debit card, with a $250.00 daily limit, when a parent or guardian is joint on their membership.