BMI Federal Credit Union
Empowering the Next Generation of Savers
Planting the Seeds for Financial Success
Our Youth Savings and Checking accounts offer a safe and supportive environment for kids and teens to learn about money management while having fun.
Help Launch Your Child's Future
Open a Youth Savings Account and we'll put a $100 Cash Bonus+ into a Youth Certificate! To open your minor's account, the following information will be required:
- Minor's legal name
- Social Security Card
- Birth Certificate (or Government Issued ID)
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Building Independence with Youth Checking
For teenagers ages 13 and up, their first Checking account will provide a stepping stone towards financial independence.
This account allows teens to manage their own money within Online Banking, learn responsible spending habits, and gain valuable experience using a debit card. Parents can set limits and monitor account activity, ensuring a safe and controlled environment for teens to learn and grow.
They must provide a picture ID (government or school). If you do not currently have a BMI FCU account, please open an account below.
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Free Educational Resources
We offer a variety of free financial education resources to help youth of all ages become money-smart. From online learning modules and interactive games to in-person workshops, our Financial Education Program provides engaging content for kids, teens, and young adults!
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Investing in Their Future
Youth Certificates: Start with just $50 and add funds anytime. These Youth Certificates offer a higher dividend rate than the regular savings accounts, making them a great option for teaching children about growing their money over time.
Coverdell Education Savings Accounts: Start saving for your child's education expenses with a Coverdell ESA. Contributions and earnings grow tax-deferred and can be withdrawn tax-free for qualified education expenses. Learn more about the benefits within our brochure. |
+Enter promo code YC100 when opening a savings account online or in person for a youth account ages 0-17 and deposit a minimum balance of $5. A parent or legal guardian required on youth accounts. Rates as of 11/4/25 are as follows: Savings rate is 0.05% Annual Percentage Yield (APY), and Youth Certificate rate is 3.80% APY. Youth Certificate requires a minimum balance of $50 to earn interest. Rates are subject to change without notice. Fees such as a penalty for early withdrawal may reduce earnings. Cash bonus of $100 will be deposited into a youth certificate for the same new youth member within 10 business days after savings account opening. Cash bonus may be considered income and reported on 1099-MISC or 1099-INT. Membership eligibility and account requirements apply. BMI FCU is open to everyone who lives, works, worships, or attends school in Franklin, Licking, Fairfield, Pickaway, Madison, Union, Delaware, or Morrow County. This credit union is federally insured by the National Credit Union Administration. Additional coverage up to $250,000 provided by Excess Share Insurance Corporation, a licensed insurance company. BMI FCU may amend, suspend, or discontinue this offer at any time without notice. Offer ends December 31, 2025.
