Youth Savings Accounts

Andrews Federal's $aving Cents offers two accounts tailored to your child’s specific needs. 

Sprouting $avers  (Ages 0-12)

Open a Sprouting $avers account with just $5 and get your child involved in the habit of saving at an early age. 

  • Custodial account under the Uniform Transfer to Minors Act (UTMA)*
  • Tax-free savings for your child
  • Allows custodian (parent, grandparent, etc.) to manage the funds in the account on behalf of the minor 
  • Funds may be distributed to child when they reach the UTMA maturity date (varies by state, typically 18 or 21)

* Custodial accounts are organized under the state laws where the opening branch is located.  For example, accounts opened at a New Jersey branch are opened under the New Jersey UTMA laws.  Refer to the appropriate state’s UTMA laws for more details regarding these accounts types.

Ca$h Commanders (Ages 13-17)

Our Ca$h Commander accounts help our members age 13-17 learn the value of savings and managing a checking account. 

  • Open the account with just $5 and get the option to also open our Free Checking product with VISA Debit Card (requires parent or guardian to jointly sign for account)
  • Access to online banking helps your child learn to manage their account using today’s technologies