Youth Savings Certificates help UBCCU’s youngest members build their savings over time.

A Youth Savings Certificate from United Bay Community Credit Union is designed to help our younger members develop healthy saving habits.

The requirements to open a Youth Savings Certificates are simple:

Terms for Youth Savings Certificates are simple too:

Youth Savings Certificates act like normal Savings Certificates until the owner’s 18th birthday. If the balances at that point after dividend is greater than or equal to $500, the Savings Certificate will convert to a normal six (6) month certificate. If the balance is less than $500, the certificate will not renew and the balance will transfer to the owner’s Primary Savings Account.

United Bay Community Credit Union Youth Savings Certificates earn a completive rate and are insured up to $250,000 by the National Credit Union Administration (NCUA), an agency of the federal government.

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