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.
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 $250.9
Ages 13 to 17
Savings and Legacy accounts, with all features of the Legacy checking account.
Ascend makes the $5 opening deposit and waives the $20 minimum opening deposit for the Legacy checking account.
The option to order free checks.
Teens who make a monthly deposit of at least $50 are automatically entered into annual drawing for a chance to win $500.9
Looking for ages 18-24? Get started with an Ascend Young Adult 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 youth account online?
To open a youth account, you will need to visit an Ascend branch location. Schedule an appointment today.
- 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 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 two ways to open a youth account.