Encourage good financial habits with a youth account.
A youth account is a great way to teach children essential financial skills such as setting financial goals, budgeting, and managing debts. It also enables kids, teens, and young adults to take control over their financial future and pass on their knowledge!
Ages 12 and under
Savings account.
Ascend makes the $5 opening deposit required to open the account.
Dividends are earned daily and credited back to the account each month.
Ages 13 to 17
Savings account and option to add on a checking account.
Ascend makes the $5 opening deposit and waives the $20 minimum opening deposit for the Free Checking account.
The option to order free checks.
| Account | Dividend Rate | APY |
|---|---|---|
| Free Checking* | 0.00% | 0.00% |
| Rewards Checking* | 0.00% | 0.00% |
| High-Yield Checking* | 2.99% | 3.04% |
| Preferred Checking** | 0.20% | 0.20% |
| Savings (UNDER $9,999.99) | 0.01% | 0.01% |
| Savings ($10,000 - $99,999.99) | 0.05% | 0.05% |
| Savings ($100,000 - $249,999.99) | 0.15% | 0.15% |
| Savings ($250,000 AND OVER) | 0.20% | 0.20% |
Rates effective November 1, 2025.
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 November 1, 2025. 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 the establishment of an incoming automatic transfer or direct deposit. Fees and other conditions could reduce earnings. For more information regarding fees, please refer to the Rate and Fee Addendum.
*Members must be 13 years or older to be eligible for a checking account. Applies to balances up to $15,000.
**Preferred Checking is no longer offered and is only available to members who had Preferred Checking prior to October 1, 2023.
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.
- How do I open a youth account?
To open a youth account, visit your local Ascend branch. Youth accounts are the same as any conventional checking or savings accounts, except they’re opened under the minor’s name with a responsible party as a joint owner of the account.
- Can I transfer money from my account to my child's youth account?
Yes, you can transfer money to your child's youth account if you are joint owner on the account and you have established cross-account transfer. You can transfer funds with Ascend's app, online banking, via the telephone, or in person at a branch.
- What happens to my Ascend Youth Account when I turn 18?
At 18, you are no longer eligible for an Ascend youth account. With your graduated checking account, you will still enjoy the same account features. However, please note there will be a fee for any checks you order. Visit our Rates Dashboard for current rates and fees.
- How do I report a lost or stolen ATM, debit, or credit card?
To report your credit card lost or stolen, or if you have questions about disputing a transaction or a dispute in progress, please contact the credit union at 800-342-3086.
Don't see the question you're looking for?
Open a youth account in person or schedule a video appointment online. While at it, remember to take advantage of our free Financial Check-Up Review!
By Video Appointment
Schedule an appointment to meet virtually with an Ascend representative.