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Teen Checking & Savings

Get your teen started now!

With a Teen Checking and Savings account at KEMBA, your 15-17 year old will be well on their way to a great financial future! Having an account at this age is a great way for them to learn about saving and managing money while having you, their parent or guardian, coach them!  Deposits can be made in person, by automatic transfer or by direct deposit so helping them save is easy!

Saving for more?

The minimum opening deposit for a Teen account is $5.  From there, you can add other products and services too!  For example:

  • Teen Checking
  • Coverdell Education Savings Account for college expenses
  • Special Savings for the first car
  • Certificates of Deposit- Check out our youth Certificate Special!
teen accounts

Teen Checking to get them prepared!

Our Teen Checking is ready to help the young adult in your life start off on the right foot! KEMBA is proud to offer this account for you to work with your 15-17 year old so they can understand how a checking account works and be better prepared for the road ahead.

Benefits of this account include:

Just like all members, your young adult will have access at nationwide surcharge-free ATMs at over 55,000 Allpoint ATMs and over 5,000 Alliance One ATMs.  PLUS, more than 5,000 Co-op shared branch locations nationwide!  So if they venture off for college, we can go with them wherever they go!

We want to be part of their financial future! Let us help them along the way by establishing credit!  Once they are a member we can help with their first car purchase, first loan and more!  Check back with a KEMBA representative when you’re ready, we are here to help!

KEMBA members between 15-17 years of age are eligible for Teen Checking. There must be an adult parent/ guardian as a joint owner for all accounts.  Parent/ guardian must acknowledge accepting responsibility for actions of the minor.  The KEMBA debit card will be issued with reduced limits.  Overdraft Privilege is not permitted on this account.

Youth Certificate of Deposit

Your teen is eligible for our Certificate of Deposit earning 2% APY* (maximum $1,000 deposit) 

Saving for your young adult’s future is one of the most important things you can do.  KEMBA wants to help!  Our youth certificate offers and outstanding way to get the most from your saving efforts.  Any child between 8-17 can start a certificate with a maximum deposit of $1,000.  The certificate will automatically mature on their 18th birthday and automatically transfer to their savings account.  Speak with a KEMBA representative for more information about this outstanding offer!

*APY=Annual Percentage Yeild.  Youth CD offers a 2% APY (1.98% rate).  Primary account owner must be between the ages of 8 and 18.  The certificate automatically matures on the child’s 18th birthday.  Certificate must remail on deposit the full term to earn any dividends.  With the exception of the rules stated, all other certificate rules and disclosures apply.