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Youth Savings: The Grow Account

Teaching your kids how to save and manage money, while boosting their future.

Open an Account

Or call 1-800-621-2105

Enroll in Online Banking

Youth Savings Dividend Rate  APY 
$100 and Above 0.25% 0.25%

Rates effective as of September 15, 2017, and may change after account opening without notice. Fees may reduce earnings. You must maintain an average daily balance of $100 to earn a dividend. If you maintain a minimum average daily balance (ADB) of $500 for a quarter, you will receive a bonus dividend, paid at the end of the quarter. The bonus dividend will be equal to the cumulative dividends paid during that quarter. The ADB is calculated by adding the full amount of the principal in the account each day for the period and dividing the figure by the number of days in the period. For opening the Grow Account, the age restriction is under 18 years old. 

Youth Savings: The Grow Account


  • Special account only for children under age 18
  • Teach your kids how to save and manage money
  • The more you save, the more you’ll earn in Bonus Dividends




Our experienced, helpful member service team is ready to support you!


Live Chat

Chat Available Mon-Fri, 8 am-5 pm Eastern

Youth Savings: The Grow Account


When you open a Grow Account for your child, they will enjoy

    • An Elements Visa® ATM card with security-enabled chip to use at any merchant that accepts Visa debit card
    • More than 72,000 surcharge-free ATMs worldwide
    • Shared branch access at more than 5,000 branches nationwide


Online and Mobile Banking


Access all the benefits of your High Interest Checking account with Online Banking and the Elements Mobile App. You can enjoy the same interface on your smartphone, tablet, laptop or desktop while continuing to get the same security features and conveniences you’ve come to expect. Our goal with online banking is simple: to provide you with a state-of-the-art digital banking experience that you can count on and is consistent across all devices.

  • Online banking – desktop, phone and app
  • Mobile check deposit
  • Online check images with Online Banking and Mobile Banking


Learn more about Online and Mobile Banking and enroll today.

Frequently Asked Questions


Q: Can I open a Grow Account online?
A: No, to open a Grow Account for your child, you must complete the PDF Membership Application and Membership Addendum and return them to an Elements location. You can also email these forms to one of our team members. Call 1-800-621-2105 to learn more.

Q: Can the Grow Account be the primary membership savings account for members under 18?
A: Yes, the Grow Account is intended to take the place of the Member Savings Account for members under 18. When it is the primary account for credit union membership, the account will receive $5 from Elements Financial.

Q: What are the age guidelines for the Grow Account?
A: To open an account, the youth must be under 18. When the child named on the account turns 25, funds in the Grow account will automatically transfer to a Member Savings Account at the Member Savings Account rates and terms.

Q: What are the fees on the Grow Account?
A: There are no monthly maintenance fees or inactive fees on this account; however, it can fall dormant after three years of no activity. Please refer to our Fee Schedule for details about fees on savings products.

How to Get Started


Due to federal banking guidelines for minors, all Grow Accounts must be opened by completing the PDF Membership Application and Membership Addendum and return them to an Elements location. You can also email these forms to

Call 1-800-621-2105 to learn more.