Opening a Youth Account. A group of children playing.

CFE Youth Savings Accounts encourage our young members to begin saving and developing healthy, strong financial habits. CFE offers four unique accounts to aid at different stages of your child’s life.

Start saving now with a CFE Youth Savings Account

Your child’s financial future begins with the CFE Youth Savings Accounts program. With a youth account, your child can take steps to establish their own financial independence, while also taking advantage of CFE Fun Bucks, Savings Builder Share Certificates, and more.

CFE offers its youth members exposure to financial concepts and products through four age-based youth member account categories: 


Youth Savings Accounts

Explorers (0-11)

Children love to explore the world around them. They learn through fun activities and rewards. When your child opens an Explorers Account with a minimum of $5, he or she can begin to develop saving habits through participation in any one of CFE’s many programs developed for our youth members. 

Apply Online
Adventurers (12-14)

At this age, many young members are thinking about ways to earn their own money by babysitting, cutting lawns, and other chores. Our Adventurers Account is an ideal way for pre-teens to save and earn even more money with dividends.

Apply Online
Innovators (15-17)

As teenagers enter the world of part-time employment, they become more independent. This new independence creates a need for a checking account with a debit card, ATM access, and online/mobile banking capabilities. Our Innovators Account offers those products and services that today's teens desire.

Apply Online
Horizons (18-22)

Whether getting ready for college or the working world, the future is bright. Our Horizons Account offers a variety of savings, checking, and loan products, including credit cards, debit cards with ATM access, and online/mobile banking. With CFE, young adults can start to build financial independence and wealth for the future.

Apply Online
Fun Bucks Program

We encourage our youth members to develop a life-long habit of saving for the future. We've made it fun and rewarding with our Fun Bucks Savings Incentive Program. By participating in the program, our youth members can earn up to $400 each year in Fun Bucks!1

View Program


Each year, CFE awards scholarships worth $2,500 per year ($10,000 total) each to a few graduating high school seniors who are CFE members or dependents of CFE members.

View Scholarships

Savings Builder Share Certificate

All youth accounts include the option to open a Savings Builder Share Certificate, a 6-month certificate with automatic renewal. You can add funds to it at any time. It earns a higher dividend rate than a regular savings account. Plus, as it grows to a higher balance, the savings rate climbs too.

Apply Online

Youth Savings Account Benefits

Opening a youth account is a great way to begin saving for your child's future while also teaching them important financial literacy concepts.


Consider Your Options



As your child grows, he or she will need a savings account program that offers products and services to meet their changing needs. CFE offers a Youth Savings Account for every age from childhood to young adulthood. Depending on your child’s age, he or she will fall into one of the four age-based youth member account categories: Explorers, Adventurers, Innovators, or Horizon.

In order to set up a youth account, you will need to bring the youth's Social Security Card or a tax return with their information on it to any branch. A proof of address will be required as well.


Savings Builder Share Certificate Eligible
Student Reloadable Visa® Card
Unlimited Bill Payments
Checking Account
Earn Dividends

$5 minmum balance required, no monthly service charge and fees, and earn 5% of deposits of $10 or more with Fun Bucks


$5 minmum balance required, no monthly service charge and fees, and earn 5% of deposits of $10 or more with Fun Bucks


$5 minmum balance required, no monthly service charge and fees, and earn 5% of deposits of $10 or more with Fun Bucks


$5 minmum balance required, no monthly service charge and fees

Want additional information?

1Fun Bucks are paid quarterly and the rate is 5% on deposits of $10 or more with an APY (Annual Percentage Yield) of 5.09%. Maximum Fun Bucks earnings per quarter may not exceed $100. Funds awarded and deposited into the Fun Bucks Account are contingent upon certain restrictions that apply. If young members withdraw funds from their Fun Savings Account, they forfeit any Fun Bucks earned. There is no penalty for making withdrawals from the regular youth savings account or withdrawing funds from the Fun Bucks account during the full year youth members are 12, 15, or 18 years of age.

Know someone who can benefit from a Youth Savings Account? Share this with them.