Youth Savings

Youth Savings Accounts

Armco CU Youth Savings Accounts offer the same value as our adult accounts. The difference is partnering with parents to teach financial responsibility. We offer special incentives for youth based on age – the Piggy Bank Program for children up to age 7 and the Banzai Course Program for ages 8-17.

$5 Minimum Balance

financial literacy

Financial Literacy

armco bucks

Earn Bonus Money

Basic Features for all Youth Savings Accounts

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  • $5.00 minimum balance
  • No maintenance fees
  • Earn the same tiered interest rates as the adult savings account View Rates Here
  • Opportunity to earn bonus money if youth completes age appropriate tasks
  • ATM and Mastercard® Debit card available with parental consent. Youth must complete the age appropriate Banzai course to receive card. Click for details
  • Free access to cuEARN, our app linking parent and youth accounts.
  • Child Privacy Policy and Parental Consent Statement


  • Requires a joint parent/guardian on the account.
  • Armco CU membership required for child.
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Youth Accounts for Ages 7 and Under

Our Youth Savings Account program for children up to 7 years old introduces your child to the basic concept of money to recognize coins and begin correlating savings with rewards.

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  • Same Youth Savings Account features listed above
  • Earn bonus money with the Piggy Bank Program
  • Learn that saving is fun as you watch your account grow!

Piggy Bank Program

  • Receive an official Armco CU Piggy Bank when you open a Youth Savings Account for children 7 and under.
  • Fill the official piggy bank with coins
  • Redeem the official piggy bank in person. Kids love emptying the piggy bank into our coin machine! Deposit the money into the Youth Savings Account and we’ll reward you by depositing an additional 5% of the piggy banks total*.
  • You may redeem the official piggy bank up to 6x per year to receive bonus money.
  • Piggy Bank must be redeemed in person to receive bonus money.
  • The coin machines are only located at the Butler branch and the Mars branch.
  • Certain Terms and Conditions apply
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Youth Accounts for Ages 8-17

Our Youth Savings Account program for ages 8-17 provides kids, tweens and teens with the foundation to make good financial decisions now and throughout life.

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  • Same Youth Savings Account features listed above
  • Earn $50 bonus money by completing the age appropriate Banzai course*
  • Gain confidence, responsibility and independence

There are three Banzai courses. Each is intended for a specific age.

Banzai is our web-based financial education partner. They offer three educational courses as well as articles, personal coaches and financial calculators. All members of your family are welcome to use Banzai’s resources!

course article hero junior


for Ages 8-12
Operate a lemonade stand

course article hero teen


for Ages 13-15
Navigate real-life financial scenarios

course article hero plus


for Ages 16-17
Learn to budget and build credit

To earn the $50 bonus money, you must complete your age appropriate course. Each course contains a pretest, interactive game and post-test. Once you complete a course, you will receive a Certificate of Completion. Redeem the certificate at Armco CU and we’ll deposit $50 into your Youth Savings Account*. UTMA accounts are not eligible to receive bonus money.

The courses are web-based and may be completed on any device (desktop, tablet or smart phone). The course saves progress so kids and teens may work at their own pace.

Certain Terms and Conditions apply

    How to Redeem Certificate for Armco Bucks

    • Complete your age-appropriate Banzai course. A certificate will be displayed at the end of the course.
    • Print or screenshot the certificate.
    • Bring your certificate into any branch OR redeem by scanning or taking a screenshot of the certificate. Please email to:  In the email you must include the following information:
      • Youth name
      • Daytime phone number (Parent phone number for kids under 13 required)
      • User name/e-mail address you used to register in the Banzai course. (You must include to verify course completion)
    • $50 bonus money will be deposited into your Youth Savings Account once Banzai has verified completion of the course*. Please allow 3-5 business days. Terms & Conditions apply.

    4 convenient ways to open an account 


    At Any Branch


    Call Any Branch




    Mobile App

    *As of May 17, 2024 10:37 pm the Annual Percentage Yield for a savings account is 0.60%. The Dividend Rate is 0.60%. The Dividend Rate and Annual Percentage Yield are variable and may change every month as determined by the credit union board of directors. Time frame to obtain bonus valid through 12/31/24. Minimum balance to open an account is $5.00. Allow 3-7 business days for bonus money to be applied to account.

    Armco CU protects the information privacy of our younger members. We do not knowingly collect, maintain, or use personal information about children under age 13 from our website. If a person sends personal information to us through any online service and identifies himself or herself as being under the age of 13, we will only use that information to respond directly to that child or to notify the parents. We will not retain such information unless we obtain parental consent.