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Encourage good financial habits with a youth account.
We offer youth accounts in an effort to educate our youngest members and help them create wise saving and spending habits early. These accounts encourage and reward financial responsibility, and as children grow, these accounts grow with them.
For 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.
Children who make a monthly deposit of at least $10 are automatically entered into annual drawing for a chance to win $250.67
For ages 13 to 17
Savings and Legacy checking account
Ascend makes the $5 opening deposit and waives the $20 minimum opening deposit for the Legacy checking account.
All the features of the Legacy checking account
Free checks
Teens who make a monthly deposit of at least $50 are automatically entered into annual drawing for a chance to win $500.67
For ages 18 to 24
Savings and 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.
All the features of the Legacy checking account
Free checks
Account holders with an active64 checking account, Visa credit card and e-statements are automatically entered into an annual drawing for $1,000.67
| ACCOUNT | APY | DIVIDEND RATE |
|---|---|---|
| Savings Account | .15% | .15% |
| Legacy Checking | .00% | .00% |
| Preferred Checking | .10% | .10% |
Rates effective October 1, 2020
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 October 1, 2020. 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 and Fees
When you're an Ascend member, you have fee-free access to the Allpoint network of over 55,000 ATMs worldwide.
Related ATM Fees
Please refer to the Rate and Fee Addendum: Deposits for information on fees applicable to network transactions.
Online Banking
Manage your accounts from almost anywhere with Ascend’s online banking services.
Learn More- 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, on the telephone, or in person at a branch.
- What happens to my Ascend Youth Account when I turn 25?
At 25, you are no longer eligible for an Ascend youth 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 e-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 800-250-9655.
- I need a new Ascend Debit/ATM/HSA card. Do I need to visit an office?
If you need a replacement debit card, you may visit your local Ascend branch with a valid photo ID to have a new card instantly issued. Otherwise, a replacement card will need to be ordered. Please contact us at 800-342-3086 to order your card. Any ATM card orders are processed through our Card Services Department with your card arriving by mail or to the branch of your choice within seven to 10 business days.
Don't see the question you're looking for?
There are two ways to open a Youth account.