Ready to get started? Visit your nearest Ascend branch today.

As parents and guardians, we all want to give our children the best possible start in life. We teach them to walk, talk, and read—but what about saving money? Building strong financial habits early can set your child up for a lifetime of success, and opening a Youth Savings Account at Ascend Federal Credit Union is a great way to start. 

Benefits of a Youth Account 

Here are three reasons to open a youth account for your child:  

1. They learn financial literacy 

Opening a youth account is a great way to teach children essential financial skills such as setting financial goals and learning to budget. Having a youth account goes a long way in enabling kids, teens, and young adults to take full control of their financial future and possibly pass on the acquired knowledge to friends or family in the future.  

2. Cultivates responsibility 

Having money in a savings account is a great way for kids to watch their money grow. This teaches them the correlation between choices and consequences. The more they save, the faster they can achieve their financial goal. Furthermore, setting financial goals and achieving them through saving can instill a sense of accomplishment and self-discipline in kids. Whether they are saving for a new bike or for college, achieving their financial goals can help them feel more confident in their abilities and build a strong foundation for their future financial success.  

3. Prepares them to be financially independent 

Opening a youth account will allow a sort of “trial run” on adult life when it comes to finances. Your children will have the ability to withdraw and deposit just like real life, but you, as the parent, can step in if spending gets out of hand. Letting your child experience financial independence in this low-risk environment can be a great way for them to learn hard lessons without the severe consequences of real life.  

Opening a youth account for your child is a great way for them to earn interest on their money, all while learning the essential skills of money management and financial literacy.  

Get a Head Start – And a $100 Deposit! 

To make saving even more rewarding, April is Youth Month at Ascend Federal Credit Union, and we’re celebrating by offering a special gift. Stop by any of our 28 Middle Tennessee branches during the month of April to open a new primary Youth Savings Account, and we’ll deposit the first $100!* That’s an instant boost to your child’s savings, helping them see the power of putting money away for the future. 

And the benefits don’t stop there. Schedule a free financial health checkup with Ascend to learn how that $100 deposit can turn into even more over time. Smart saving strategies today can lead to a brighter tomorrow. 

Help Your Child Build a Strong Financial Future 

Opening an Ascend Youth Savings Account is more than just putting money aside—it’s about setting your child up for financial success. Give them the tools they need to develop smart money habits and a sense of financial confidence that will last a lifetime. 

Ready to get started? Visit your nearest Ascend branch today to take advantage of this limited-time $100 deposit! ​

*Open an Ascend Youth Account during the month of April and the first $100 is on us. Plus, by opening a Youth Account or depositing $10 into an existing Youth Account, you can be entered to win a household membership to the Nashville Zoo. Offer valid 4/1/25 to 4/30/25. Restrictions apply. Click here for official rules.