Youth Certificate of Deposit (CD)
A long-term savings option for minors that earns more while encouraging consistent saving habits.
Overview
What is a Youth Certificate of Deposit (CD)?
The Youth Certificate of Deposit (CD), formerly known as the Youth Savers Certificate, is built for young members under 18 who want to earn more while learning long-term saving habits. Unlike traditional CDs, this product allows deposits throughout its 5-year term, with a competitive APY that beats standard youth savings. With a low $50 minimum and consistent monthly dividends, it’s an ideal next step after opening a Youth Savings Account.
Dividends are paid monthly, and accounts can be included in combined monthly statements. Ask us about your options.
A Youth Savings account and joint ownership with a parent or legal guardian are required to open a Youth Certificate of Deposit.
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Learn, Save & Grow with 802CU
Financial Education & Youth Month
Helping young members build lifelong financial habits is part of our mission. Through fun, educational resources and annual Youth Month events, we encourage saving early and often.
National Credit Union Youth Month (Every April)
At 802CU, we’re committed to helping young members grow smarter with money. Each April, we celebrate Youth Month with savings incentives, fun giveaways, and educational activities for members ages 0–17.
- Coloring contests and giveaways
- Youth savings incentives
- Special prizes and referral bonuses
Start building strong money habits early with tools that make learning to save fun and rewarding.
Today’s Rates
All Rates Effective April 1, 2025
Smart Savers CD & Youth Savers CD
| Account Type | Rate | APY | Minimum Balance |
|---|---|---|---|
| Smart Savers 1 Year Term | 1.69% | 1.70% | $50.00 |
| Youth Savers 5 Year Term | 1.98% | 2.00% | $50.00 |
Dividends paid monthly.
Deposits are accepted and encouraged for the Smart and Youth Savers
Member-Focused. Locally Rooted.
Help Young Members Save Smarter for the Future
With flexible contributions and a higher rate of return, the Youth CD teaches the value of long-term saving with real-world rewards.
product Benefits
Turn Small Savings into Big Habits
Higher Yield for Long-Term Saving
Earn more with a strong APY that outpaces youth savings accounts. Ideal for teaching the benefits of setting money aside.
Ongoing Deposits Welcome
Make additional contributions anytime during the 5-year term, up to the $10,000 maximum—a rare feature for CDs.
Joint Ownership with Oversight
A parent or legal guardian must co-own the account, providing guidance while empowering financial growth.
Know the Terms
An early withdrawal penalty of 180 days’ dividends applies encouraging commitment and reinforcing the benefits of long-term saving.
Frequently Asked Questions
Have Questions? Let Us Help!
Banking Services
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From budgeting tools to fraud protection, we’re here to help you feel confident and in control of your finances.
More Than a Member
As a member-owner, you’re doing more than banking. You’re building a better financial future with a credit union that puts you first.
Testimonials
Real Members. Real Stories.
Real stories from real people who’ve found their financial home.
I recently moved to Vermont and was looking for a new financial institution. Several people recommended 802 Credit Union. Kim helped me set up my accounts, my direct deposit and got me started with online banking. She showed me how to use Bill Pay, which I never used at my previous bank. What a huge convenience! I highly recommend 802 Credit Union and all the staff at the Windsor branch.
Sarah
Windsor, VT
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