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Smart Money Habits Start Young

Creating budgets and making plans to achieve personal finance goals are common practices for many parents. However, some may overlook the opportunity to include their children in conversations about responsible spending and saving. It's never too early to get your child on the path toward a sound financial future.

  1. Step 1

    Set the Stage

    As your children become interested in money, be it through an allowance or a birthday check from grandma, start teaching them how to handle it wisely.  Our Minor Membership Accounts are perfect for young savers, and just like you, they'll be members for life.

    If you're an existing member and a parent, grandparent or guardian, share the gift of membership with your minor. Not available via mobile app*.

    Open Now a Minor Membership

    Not a Member? Join Now.

  2. Step 2

    Make Financial Goals

    Set savings goals with your children and discuss the best ways to achieve them. Is there a new toy they're pining after? How long will it take to save up enough allowance to make the purchase?

  3. Step 3

    Teach Smart Spending

    As their savings grow, start instilling responsible consumer behavior in your children. Help them avoid impulse buying and demonstrate how to compare items based on price and quality.

Starting Young

Navy Federal has a suite of products available to our youngest members, with options that will grow along with them and their finances.

Personal Savings

With money of their own, take your children to open their own accounts. Our Basic Savings and SaveFirst accounts are both great places to start. Decide with your children how much will be deposited into their account and how much they can spend.

Education Savings

Our Education Savings Account (ESA) offers tax-free savings when the funds are used for education expenses. Our EasyStart℠ Certificate are only $50 to start with a 12, 18 or 24-month term. Both options allow you and your children to contribute toward financial goals.

Prepaid Card

Help your students make the switch from paper to plastic responsibly with GO Prepaid. Our reloadable prepaid card allows parents to set spending limits and manage account activity to reinforce the importance of smart spending.

Free Campus Checking

When they hit high school or get ready to head off to college, a Free Campus Checking account is the next step to well-managed financial independence. No minimum balance is required, and no monthly service fee applies.

Mobile* and Online Banking

As your children grow, there's bound to be a shift in their spending and saving habits. It's essential to continue conversations about financial goals and responsible behavior as they graduate from simple savings accounts to prepaid cards and checking accounts. Our Mobile and Online Banking help accomplish that. Both you and your child (age 14 and over only) can have free, fast and secure access to view balances, make deposits and transfers, set up text alerts and more.

Learn More about Mobile and Online Banking

World-Class Products and Services for Your Children—No Matter What Age

 9 and Under10 to 1314+

Basic Savings

Your child's first step toward saving. Included with a Navy Federal membership; offers competitive rates and no monthly service charge.



With as little as $5, start saving now! Choose your maturity date: three months to five years; dividends compounded daily.


EasyStart Certificate

Watch savings grow with only $50 to start for a 12, 18 or 24-month term; additional deposits can be made at any time.


Education Savings

A great choice to save, ESA earnings are tax-free if used for education expenses.


GO Prepaid

With this reloadable prepaid card, set spending limits to help manage money and teach financial responsibility. Available for ages 13-17.


Free Campus Checking

An ideal option for students between the ages of 14 and 24, this account offers no minimum balance and no monthly service fee.


Navy Federal Debit Card

Complimentary with Free Campus Checking; accepted at millions of locations worldwide. Protected by Navy Federal's Zero Liability policy.