A Youth Certificate of Deposit (CD) is a one-year CD designed for members under 18. With just $25 to open and a one-year term, it’s a safe and accessible way for kids to learn about saving, patience, and the value of earning interest something no toy piggy bank can do.
This piggy bank pays back 4.50% APY²
Think of it like this: instead of keeping money in a piggy bank at home, you keep it with People Driven Credit Union and we pay you for it. With our highest CD rate, you’ll earn 4.50% APY² on the first $10,000 and 2.75% APY² on balances above that. Youth CDs are available to youth members, jointly held with a parent, guardian, or custodian. They make a practical tool for teaching healthy financial habits and a thoughtful gift that continues to grow—even if it isn’t fully appreciated right away.
Open a Youth Certificate of Deposit (CD)
Membership and eligibility requirements apply.
Rates & Details
Minimum to Open: $25
Term Length: 1 Year
Add-On Deposits: Allowed until maturity
Tiered APY²:
| Balance Tier | APY* |
|---|---|
| On the first $10,000 | 4.50% APY² |
| Portion of balance over $10,000 | 2.75% APY² |
Rates Effective as of:
²APY = Annual Percentage Yield. Tiered APY² means each portion of the balance earns the rate for its tier.
Why Choose a PDCU Youth CD?
- Low $25 minimum—perfect for first savings goals.
- Keep contributing—add deposits anytime until the CD matures.
- Competitive, tiered earnings—higher APY² on the first $10,000.
- Goal-friendly—great for birthdays, allowances, or seasonal savings challenges.
- Federally insured by NCUA up to applicable limits.
How It Works
- Open the Youth CD with $25.
- Make additional deposits anytime until maturity (in-branch, transfer, or mobile deposit to savings then transfer, as applicable).
- Earn 4.50% APY² on the first $10,000 and 2.75% APY² on the portion over $10,000.
- At maturity, withdraw or renew. Whichever fits your plan.
Get Started
Open a Youth CD account today online, at any of our branch locations, or contact us for more information. Help your child learn the value of saving now and reap the rewards later.
Frequently Asked Questions
Think of a CD (Certificate of Deposit) like a special piggy bank at People Driven Credit Union. You put your money in our big piggy bank, promise to leave it there for one year, and when the year is up, we give you all your money back plus extra money called interest. The longer you let us keep it safe, the more it can grow. It’s a fun way for kids to learn patience, saving, and how money can earn more money over time.
Disclosures
- APY (Annual Percentage Yield) accurate as of today and subject to change at any time without notice.
- Minimum opening deposit: $25. Additional deposits permitted until maturity.
- Tiered APY: The portion of the balance up to $10,000 earns 4.50% APY; the portion over $10,000 earns 2.75% APY.
- Term: 12 months (1 year).
- Early withdrawal penalties may reduce earnings and may apply if funds are withdrawn before maturity.
- Membership required. Eligibility and other restrictions may apply. See our Fee Schedule and account disclosures for details.
- Federally insured by NCUA.
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