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:

• Be under the age of 18
• Have an active primary account in the child’s name
• $25 minimum investment

Terms for Youth Savings Certificates are simple too:

• You can add to your Savings Certificates anytime with a minimum of $1 deposit.
• In six months, you can take out your money or let the certificate roll over for another six months at Current Rates.
• Dividends are compounded daily and deposited monthly to your savings account.

Youth Savings Certificates act like normal Savings Certificates until the first maturity date after the owner’s 18th birthday when the entire balance transfers to the designated savings account and the CD is closed.