Student Accounts

BayBuddies Children's Savings Club

Establish early saving habits when you open a BayBuddies Savings Account for your little one.

• The first savings account for children ages 0-10.
• Open with as little as $5.
• A $25 opening balance will be rewarded with a free piggy bank!
• No minimum balances or service fees
• Earn interest on any balance
• Your child will earn prizes the first time their account balance reaches $250, $500 and $1,000
• Special prizes given when your child visits the Credit Union with their report card or during their birthday month.

Student Savings Accounts

Bay Federal has two programs designed to help our younger members learn to to save and spend money wisely–one for 11-13 year olds and one for teenagers (13-17). Both are educational tools that will raise your child's awareness of personal finance and help them develop responsible habits that will help them throughout their lives.

• Start a savings account with just $5
• No minimum balances or service fees until your child's 18th birthday
• Deposit allowance, birthday checks and money earned through chores and summer jobs
• 13-17 year olds may open a checking account, Visa Check/Visa Debit Card and Certificate Accounts with a parent or legal guardian joint owner

For more information or to open a BayBuddies or Student Savings Account for your child, visit any Bay Federal Credit Union branch location or call us at 831.479.6000 or toll-free at 888.4.BAYFED, option 3.

Financial Education for Children, Teens and Young Adults

Teach your kids about money with Bay Federal's fun online tools and savings programs!

Financial Fitness for Teens

Prepare your teen for prosperous financial future with the online financial education modules available through BalanceTrack, our financial education partner. Interesting and engaging lessons can be viewed on your home computer or downloaded a podcast to take on the road!

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