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Rise Youth And Young Adult Savings Account

Rise. Welcome to the youth account you've been waiting for. Begin your child's lifelong financial journey today.

This isn't just a savings account for kids. CapEd Credit Union is excited to help empower children and young adults to save and advance their financial wellness with the Rise Youth and Young Adult Savings. Users can create a solid foundation for their future with the financial benefits and educational resources provided in this one-of-a-kind savings account.

The Rise Youth and Young Adult Savings is an insured, dividend-paying account for young savers, newborn through age 25. It is specially designed to educate our younger members on the importance of saving money. The more they save, the more they're rewarded.

Have any questions or want to learn more? Read on or skip to our frequently asked questions about the Rise Youth and Young Adult Savings account.

Account Benefits and Features

Why else is this savings account great for kids?

We want to help our members succeed in every stage of life. That's why the following features and benefits of this account were created to celebrate young savers for their dedication to saving and their membership at CapEd Credit Union.

A pair of account owners

 Primary Account Ownership

Help your kids understand ownership and responsibility. With this savings account, the child is the primary account owner and their parent or guardian is the joint account owner. Youth age 16 and older are not required to have a joint on the account.

Two stacks of cash

 Opening Deposit Match

Rise Youth and Young Adult Savings members will receive a savings match up to $25 on deposits made within the first 30 days of account opening. CapEd will deposit the match into the account for money saved beyond the $5 membership minimum deposit.

Birthday cake

 Birthday Message + Gift

More free stuff? CapEd's young savers will receive a birthday gift each year that can be picked up at any CapEd Credit Union branch.

Hand outstretched giving someone cash

 Courtesy Pay Forgiveness

CapEd offers Courtesy Pay options to cover transactions when you don't have enough funds in your account, resulting in a Courtesy Pay fee. As a Rise account holder, you may qualify for a fee refund with Courtesy Pay Forgiveness.

Gift box with the Rise hot air balloon inside

 Account Opening Gift/Account Reward Gifts

Can you say swag? Young savers are welcomed to our Credit Union with an account opening gift.

Balloon with a $10 label

 Annual Big Saver Reward

Remember your account opening date! After 12 months of account opening, and on each anniversary afterward, when a Rise Youth and Young Adult Savings member saves big (at least $500 within that year), they will receive a $10 automatic deposit into their account. Or, if they're an even bigger saver ($1000 or more within that year), they'll earn a $20 reward!2

Savings punchcard being punched

 Savings Punch Card & Gift

More swag! At account opening, young savers will receive a physical savings punch card. Ten savings "punches" will earn them another gift that can be picked up at any CapEd branch! As a companion to the physical card, savings are also tracked in the Rise App. As Rise Youth and Young Adult Savings members save, they earn virtual trophies and are notified when it's time to visit a branch to receive a prize.

Stylistic debit card

 Debit Card Usage

If your child chooses to request a debit card for their Rise Youth and Young Adult Savings account, this card can be added to Apple Pay or Google Wallet in your child's phone for easier access to their funds.


Rise Youth & Young Adult Savings

Deposit Amount Dividend Rate APY1
$5.00 - $2,500.00 1.00% 1.00%
Over $2,500.00 0.10% 0.10%


Tools to help you with your savings goals.


Anyone age 0-25 years old can start saving with this account.

You only need $5 to secure your membership and open a savings account at CapEd Credit Union.

Nope! We don't charge a monthly fee. However, there is a minimum balance requirement of $5.00.

Not at all! We want all youth and young adults age 25 and under to have access to this amazing account. Reach out to us on the Let's Talk live chat or stop into any CapEd branch location to convert your child's current Savings account to a Rise Youth and Young Adult Savings.

The Rise Youth and Young Adult Savings Account is a transactional account, meaning a debit card can be used similarly to a checking account. Funds will be pulled from the Rise Savings account when the debit card is used.

Absolutely! When a child's parent or guardian helps them open a Rise Youth and Young Adult Savings account, the child can receive their very own debit card to learn to spend their money wisely.

The Rise Youth and Young Adult Savings account is like our primary Savings account in that a minimum balance of $5 is required to maintain membership at the Credit Union. Our youth savings is uniquely designed to be the best start to your child's financial journey with additional features, including a higher dividend rate, an opening deposit match, in-branch gifts, an annual savings bonus, and an eBanking app with additional rewards— just to name a few!

100%, yes! You can open a Rise Youth and Young Adult Savings account for your child online or visit any of our branches to get started.

Both the account owner (youth) and joint account owner (parent/guardian) should bring:

  • Valid Picture ID or Student ID*
  • Social Security Number
  • Birthdate
  • Address

* If child/account owner is too young for a driver's license, and does not have a school ID, the joint signing on the Minor's behalf must be an immediate family member, or guardian, 18 years or older, and must have appropriate identification. If no picture ID or school ID is available, please contact us for required documentation.

A parent or guardian must be a joint signer on their child's account if they are under the age of 16. A child 16 years or older can open an account on their own, without a joint signer.

You can only open one Rise Youth and Young Adult Savings account per primary social security number. If you have more than one child, each child may have their own savings account.

Yes! The Rise Youth and Young Adult Savings account works just like CapEd's other savings accounts and can receive deposits from direct deposit, joint transfers, ATMs, and in-branch deposits.

Of course! Choose either our High Yield Checking™ or Good For Me Checking account and enjoy the benefits of these reward accounts, too.

No need to worry, when a Rise Youth and Young Adult Savings account owner turns 26, their Rise Savings will automatically convert into a primary Savings Account. No action is needed by the account owner.

Absolutely! You can access this and all your CapEd accounts online with CapEd's Mobile Banking App anytime and anywhere you have WiFi or a network connection.


1 APY is Annual Percentage Yield. The APY is accurate as of the last dividend declaration date and may change after the account is opened. Fees or other conditions could reduce the earnings on the account.

2 To earn the annual Saver or Big Saver Rewards, an additional $500 or $1000 must be saved each 12 months.