Build Strong Savings Habits for Your Children
Teaching your children to be financially responsible is one of the most important lessons you can teach. At AdelFi, we provide youth accounts for every stage of your child’s financial development from pre-school through their high school graduation. These accounts teach your children valuable saving and money management habits while keeping you in control of the accounts. Key features for parents include:
- You can make easy deposits and transfers to your child’s account
- Full parental controls over spending limits
- 24/7 parental monitoring and alert options
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Early Start
Jump Start
Flying Start
Parental Controls
Compare Youth Accounts
Each account grouping offers a spending account and a savings account with age-appropriate features designed to help your child learn the valuable lessons of money management.
Account Name | Age Group | Spending Account Features | Savings Account Features |
|---|---|---|---|
Early Start Youth Account | 0-7 years old | $25 minimum opening deposit No monthly maintenance fees or minimum balance* Parental controls to limit and track child’s account access and activity 24/7 secure access using online banking and mobile app Debit card access | $25 minimum opening deposit No monthly maintenance fees* Dividend Rate: 0.35% APY1 24/7 secure access using online banking and mobile app Parental controls to limit child’s account access |
Jump Start Youth Account | 8-12 years old | $25 minimum opening deposit No monthly maintenance fees or minimum balance* Parental controls to limit and track child’s account access and activity 24/7 secure access using online banking and mobile app Debit card access | $25 minimum opening deposit No monthly maintenance fees* Dividend Rate: 0.35% APY1 24/7 secure access using online banking and mobile app Parental controls to limit child’s account access |
Flying Start Youth Account | 13-17 years old | $25 minimum opening deposit No monthly maintenance fees or minimum balance* Mobile person-to-person payments Easy account deposit and transfer options Separate parental access and alerts to limit and track your child’s account activity 24/7 monitoring using online banking and mobile app | $25 minimum opening deposit No monthly maintenance fees* Dividend Rate: 0.35% APY1 24/7 secure access using online banking and mobile app Easy account deposit and transfer options Separate parental controls to track child’s accounts |
AdelFi Youth Account Resources
Debit Cards
AdelFi youth accounts each come with a debit card connecting to their spending account. Each offers different features based on the type of account it’s connected to. Compare the card benefits below.
Debit Card | How to Use This Card |
|---|---|
Early Start Debit Card | Demonstrate responsible card ownership Explain how card purchases equal real money Introduce simple budgeting and spending limits No service or overdraft fees |
Jump Start Debit Card | Teach safe online purchasing habits Demonstrate card convenience and responsibility Reinforce how card spending uses real money Practice ATM access for deposits and withdrawals No service or overdraft fees |
Flying Start Debit Card | Everyday purchases on their own (gas, snacks, etc.) Separate parental monitoring, spending limits, and alerts Online and in-store purchase options ATM access for deposits and limited withdrawals No service or overdraft fees |
Online & Mobile Banking
Digital banking is how you stay connected with your child’s accounts. With the online and mobile banking tools offered by AdelFi, you can maintain access to your child’s account to perform important tasks, including:
- Track their spending and purchases
- Transfer money to their accounts
- Make digital deposits into their accounts
- Set up mobile alerts for elements related to your child’s account
- Set spending limits
- Initiate mobile Person-to-Person payments
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Dividend Rates Effective: April 16, 2024
1APY (Annual Percentage Yield) reflects the total amount of dividends paid on this account, based on the dividend rate and frequency of compounding, in a 365-day period. For dividend-bearing savings accounts, AdelFi pays dividends monthly on the last day of each month. The APY and dividend rates are variable and subject to change after the account is opened. There is no minimum balance requirement to obtain the disclosed APY Withdrawal of dividends and fees may reduce earnings the Start Young Savings account.
*Please refer to AdelFi's Account Agreement and Disclosures and Personal Account Information and Fee Schedule for complete information about each account. All account dividend rates, agreements, terms, and conditions offered are subject to change without notice.
