Routing #264279567

Youth Banking

Jump Start Savings Account

Give your kids a head start on life with a Jump Start Savings Account! It’s never too early to start practicing smart financial habits and learning how to save.

Account features

  • 3.00% APY on the first $500.00*
  • $5 minimum balance to get started

Open an account at any Branch.


  • For anyone age 17 and under
  • No monthly fees
*Federally Insured by NCUA. Jump Start Savings is a tiered-rate account for minors age 17 or under. Must have a parent or legal guardian on the 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 October 2021 and subject to change. PREMIUM RATE of 3.00% APY is earned on balances between $5.00 and $500.00. A minimum balance of $5.00 is required to earn the premium APY. 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. Ask for details.

Educational Savings Account

The Educational Savings Account is a high-yield savings account to help save for higher education costs. It must be open for a minimum of three years and pays out on your child’s college entrance date or 18th birthday, whichever comes first. With no minimum opening deposit required, it’s a great way to save!

Any withdrawal from the Educational Savings Account prior to set requirements will close the account and result in a penalty (some exceptions may apply).

To open an Educational Savings Account, please visit your local branch.


Federally insured by NCUA. APY = Annual Percentage Yield. Rates current as of 1/13/2021. Fees could reduce the earnings on the account. Available to qualifying Members. Some restrictions may apply. Ask for details.

Estimating College Costs

You've heard the figures - college education is expensive. All those benefits of personal growth, expanded horizons, and increased lifetime earning power comes at a price increasing every year.


How Grandparents Can Help

As the cost of a college education continues to climb, many grandparents are stepping in to help. This expected trend accelerates as baby boomers, many of whom went to college, become grandparents, and start gifting predictions of trillions of dollars over the coming decades. Grandparents can open an Educational Savings Account for grandchildren at birth and make regular deposits to assist in higher education costs.

Tennessee Resources

Tennessee Student Assistance Corporation

It's hard to talk about college without mentioning financial aid. In many cases, financial aid may be the deciding factor in whether or not a child attends the college of his or her choice, or even attends college at all. That is why it is important to develop a basic understanding of financial aid before a child applies to college. Without such knowledge, you may have trouble understanding aid determination, filling out the proper aid applications, and comparing the financial aid awards a child receives.