Start now for lifelong financial success.
At Ascend, we understand the importance of equipping young adults with essential financial management skills to establish a solid foundation for their long-term success. Our specialized accounts are designed to promote smart spending, saving and budgeting habits, ensuring that young adults are well-prepared for their financial journey ahead.
Ages 18 to 24
Savings and Legacy accounts, with all features of the Legacy checking account.
Ascend makes the $5 opening deposit required to open the savings account. Ascend also waives the $20 minimum opening deposit for the Legacy checking account.
The option to order free checks.
Account holders with an active21 checking account, Visa credit card and online statements are automatically entered into an annual drawing for $1,000.9
Looking for ages 0-17? Get started with an Ascend Youth Account.
| Account | Dividend Rate | APY |
|---|---|---|
| Savings Account | .20% | .20% |
| Legacy Checking | .00% | .00% |
| Preferred Checking | .20% | .20% |
Rates effective December 1, 2022.
Legal Disclosures and Additional Information
Savings, Legacy checking, Preferred checking, and Christmas Club accounts are variable rate accounts, and the rates may change. The Annual Percentage Yields (APYs) stated are accurate as of December 1, 2022. There is no minimum balance required to earn the APYs stated. The minimum opening deposit on a savings account is $5.00. The minimum opening deposit on a checking account is $20.00 or establishment of incoming automatic transfer or direct deposit. Fees and other conditions could reduce earnings. For more information regarding fees see the Fee Addendum.
ATM Information & Fees
As an Ascend member, you have fee-free access to the Allpoint network of more than 55,000 ATMs worldwide.
Related ATM Fees
Please refer to Ascend's Rate and Fee Addendum for information on fees applicable to network transactions.
Banking—wherever you need it.
Securely manage your account and credit score on Ascend's fast, free and convenient digital banking service, from either your computer or smartphone.
- Can I open a young adult account online?
Yes, young adult accounts can be opened online. Click here to get started.
- Can my parents transfer money from their account into my account?
Yes, your parents can transfer money into your young adult account. You can do this with our Member to Member Account Transfer option in digital banking.
- What happens to my Young Adult Account when I turn 25?
At 25, you are no longer eligible for an Ascend young adult account. If you have a Preferred or Legacy checking account, you can keep it. However, there will be a fee for any checks you order. Also, you will no longer be automatically entered into an annual drawing for $1,000 if you have an active checking account, Visa credit card and online statements. Visit our Rates Dashboard for current rates and fees.
- How do I report a lost or stolen ATM, debit, or credit card?
To report a lost or stolen Ascend card, please call 800-342-3086 during normal business hours. After business hours, please call 866-609-7654.
Don't see the question you're looking for?
There are three ways to open a young adult account.