TEEN SAVINGS ACCOUNT
For members ages 13–18 who aren’t enrolled in college, this account helps teens save, earn dividends, and build financial confidence for their future.
BUILD SMART MONEY HABITS FOR LIFE
KEY BENEFITS
Financial education
Joint ownership
Low-balance dividends
No fees
Build their financial foundation with Teen Savings
With a Teen Savings account, members ages 13-18 can take the first step toward financial independence with guidance from an adult. Until the teen turns 18, a parent or legal guardian co-owns the account, with joint access including through online banking. You’ll stay in the loop and be able to help, giving a nudge to save, or some practical advice on spending.
Teen-friendly features
- No fees
- Earn competitive dividends, even on small balances
- 24/7 access to online and mobile banking app
- Access to free online financial learning
Build good habits
- Build teen saving experience: establish money management skills that will be useful later as financial needs become more complex
- Use other teen services: With a saving habit established, your teen will be in a better position to responsibly use services such as Teen Checking or a Teen Visa® credit card
- Develop independence: a saving account can help them learn how to be self-reliant with their finances
- College scholarship: opportunity to apply for a $2,500 scholarship when they also open a Teen Checking account
Why open a Teen Savings account for your child or grandchild?
Effective date
Friday, December 19, 2025
| Account | Minimum balance to earn dividends* | Dividend rate | Annual Percentage Yield (APY) |
|---|---|---|---|
| Basic Savings | $100.00 | 0.10% | 0.10% |
| Scottie Savers** | $5.00 | 0.10% | 0.10% |
| Teen Savings** | $5.00 | 0.10% | 0.10% |
Minimum balance to open all savings accounts is $5.00 | |||
* Minimum balance that must be maintained each day to earn dividends. | |||
** Members under 18 require a parent or guardian as a joint signer. | |||
Savings account rates
Basic Savings
Scottie Savers**
Teen Savings**
Minimum balance to open all savings accounts is $5.00
* Minimum balance that must be maintained each day to earn dividends.
** Members under 18 require a parent or guardian as a joint signer.
| Fee type | Product fees |
|---|---|
| Basic Savings account fees | |
| $250 minimum balance | No charge |
| Less than $250 minimum balance | $3.00 / calendar month |
| Other savings account fees | |
| Scottie Savers Club – Age 0 to 12 | No charge |
| Teen Savings account | No charge |
| High Yield Savings Account | No charge |
Following a 3-month grace period, Basic Savings must maintain a minimum daily balance of more than $250 or, if less than $250, have one other account type to avoid a $3 service fee per calendar month. If you have multiple Basic Savings Accounts, each account may receive a separate fee based on each individual balance. The $3.00 fee is not applicable to Scottie Savers, TLT, or High Yield Savings accounts. The $3.00 service fee may be waived if you qualify for the Enhanced or Premier Member Merits categories. | |
| Overdraft Paid (Courtesy Payment) | |
| $10.00 or less | No fee |
| $10.01 or greater | $10 per presentment** |
| Returned Item fee (non-sufficient funds) | |
| $10.00 or less | No fee |
| $10.01 or greater | $10 per presentment*** |
** Overdraft Paid fees are limited to a daily maximum of 5 overdraft fees per day per account. | |
***Returned Item fees are limited to one per day per account. We may charge a fee each time an item is submitted for payment. | |
Savings account fees
Basic Savings account fees
$250 minimum balance
Less than $250 minimum balance
Other savings account fees
Scottie Savers Club – Age 0 to 12
Teen Savings account
High Yield Savings Account
Following a 3-month grace period, Basic Savings must maintain a minimum daily balance of more than $250 or, if less than $250, have one other account type to avoid a $3 service fee per calendar month. If you have multiple Basic Savings Accounts, each account may receive a separate fee based on each individual balance. The $3.00 fee is not applicable to Scottie Savers, TLT, or High Yield Savings accounts. The $3.00 service fee may be waived if you qualify for the Enhanced or Premier Member Merits categories.
Overdraft Paid (Courtesy Payment)
$10.00 or less
$10.01 or greater
Returned Item fee (non-sufficient funds)
$10.00 or less
$10.01 or greater
** Overdraft Paid fees are limited to a daily maximum of 5 overdraft fees per day per account.
***Returned Item fees are limited to one per day per account. We may charge a fee each time an item is submitted for payment.
Locations
Use our Find a Location panel below to find our nearest branch or ATM, or find Co-op ATMs for thousands of surcharge-free ATMs across the United States and Canada.
Find a location
Filter
Results
Keizer Branch
Sunset Branch
Wilsonville Branch
McMinnville Branch
Woodburn Branch
West Salem Branch
Dallas Branch
Monmouth Branch
Lincoln City Branch
North Albany Branch
Albany Branch
Financial Center Branch
University Branch
Lebanon Branch
Philomath Branch
Newport Branch
Financial Education Center
More ways to save
Get a higher interest rate and keep your funds accessible with a Money Market savings account.