Youth Savings - Knoxville TVA Employees Credit Union

Jump Start Savings Account ¹

Give your kids a Jump Start with our Jump Start Savings Account! This account is the perfect account for family members looking to save for children under the age of 18.

FEATURES:

3.00% APY on the first $500.00
$5.00 minimum balance to get started
Quarterly dividends
No monthly fees

Open a Jump Start Savings at any of our branches!

BRANCH LOCATIONS

Educational Savings Account ²

Save before your child starts college or trade school with our Educational Savings Account!

The job opportunities, important skill sets, and increased wages offered by a college or trade school education can be attainable, even if you don’t have the money right now to cover the expenses. As tuition, books, and dorm fees increase each year, our Educational Savings Account lets you prepare for future expenses.

This account is a dividend-earning savings account for use on future education costs. The account must be open for a minimum of three years and is paid out on your child’s first day of college or 18th birthday, whichever comes first. Any withdrawal from the Educational Savings Account before these dates will close the account and result in a penalty (some exceptions may apply).

Open an Educational Savings Account over the phone or at any of our branches.

Branch Locations VIEW RATES

Grandparents, Family, and Friends Make a Difference

Educational Savings Account

Grandparents, family, and friends step in when it matters most. With an Educational Savings Account, loved ones pitch in to help prepare a child for future college or trade school costs. Anyone may contribute anytime because every deposit adds up to something bigger.

BRANCH LOCATIONS

U-Name-It Savings Account ³

Our U-Name-It Savings Account is perfect if you want to save for higher education costs and have access to the money anytime! This account works like a regular savings account, but you get to name it anything to help differentiate it from your other savings accounts. Give it a name like “College Savings,” and watch the funds grow!

GET STARTED WITH U-NAME-IT SAVINGS

Disclosures

¹ Jump Start Savings is a tiered-rate account for minors under 18 years of age. Must have a parent or legal guardian on the account. Minimum $5.00 to open a Jump Start Savings account. Monthly qualification cycle begins on the first day and ends on the last day of the calendar month. Terms and conditions may apply. APY = Annual Percentage Yield. Rate effective June 2025 and subject to change. PREMIUM RATE of 3.00% APY is earned on balances up to $500.00. NON-PREMIUM RATE of 0.15% APY minimum is earned on balances of $500.01 or more. When the account is closed, 0.15% APY applies for the month the account is closed. Some restrictions may apply. Fees may reduce earnings. Ask for details.

² APY = Annual Percentage Yield. Rates current as per posted rate schedule. No minimum opening deposit. Must be open for a minimum of three (3) years and pays out on your child's college entrance date or 18th birthday, whichever comes first. Fees could reduce the earnings on the account. Available to qualifying Members. Some restrictions may apply. Ask for details.

³ APY = Annual Percentage Yield. Available to qualifying Members. Some restrictions may apply. Ask for details. Ask for details. Fees may reduce earnings. Limits on number of non-signature transactions may be imposed as required by regulation or Credit Union policy. Non-signature transactions may include those made over the phone, via online or telephone banking, or automatically by the Credit Union.