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Opening a Youth Savers Account

By January 19, 2021August 23rd, 2021No Comments

Opening a Youth Savers Account

Youths below the age of 16 years are not considered members of the credit union. However, they can still save and reap benefits from the credit union by simply opening a Youth Savers account! When they attain the eligibility age, their account will transition to an adult account and they will become members of the credit union.

  • A Youth Savers Account is a smart way to introduce a child to the importance of smart money management. This account is targeted at young savers from 1 day old up to 16 years of age. A youth saver can open an account starting with as low as $120.
  • Children can save at some credit unions by opening a youth savers account. The parent or guardian simply needs to bring the child’s birth certificate to the Credit Union and the required amount to open the account. Please note some credit unions may require that the child’s parent or guardian be a current member.

Open a Youth Savers Account at any of these Credit Unions:

Open Bond

  • Educom Co-operative Credit Union
  • First Heritage Co-operative Credit Union
  • COK Sodality Co-operative Credit Union
  • Community and Workers of Jamaica Co-operative Credit Union
  • Portland Co-operative Credit Union
  • Manchester Co-operative Credit Union
  • Gateway Co-operative Credit Union
  • Trelawny Co-operative Credit Union
  • JPS & Partners Co-operative Credit Union

Closed Bond

  • Broadcast and Allied Co-operative Credit Union
  • Essential and Emergency Services & Partners Co-operative Credit Union
  • Jamaica Police Co-operative Credit Union
  • Jamaica Defence Force Co-operative Credit Union
  • NAJ & Health Co-operative Credit Union
  • NCB Employees Co-operative Credit Union
  • Palisadoes Co-operative Credit Union
  • Postal Co-operative Credit Union
  • PWD Co-operative Credit Union