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Build a Strong Financial Future
Two Options, Both Tailored for Your Child's Future
We know that smart saving habits start early. That’s why we offer Youth Accounts designed to grow with your child—from their first step to their first paycheck.
Smart Apple1 Savers (Ages 0–21)
- Perfect for our youngest members, Smart Apple Savers helps children begin their savings journey early.
- Open to members ages 0–21
- No minimum balance or monthly fees
- Open with just $0.01
- Earn dividends and receive quarterly statements
Youth Savings2 (Ages 13–21)
- Designed for teens and young adults who are ready to take more ownership of their finances.
- Open to members ages 13–21
- Earn dividends with a new tiered rate structure:
- Ideal for first jobs, school savings, or learning to budget
- Connects with Digital Banking and the NYMCU Mobile App for easy access
Open a Youth Account today and give your child the tools to grow with confidence.
We get NYers more so you can get more NY.
*APY=Annual Percentage Yield. APY is accurate as of 10/15/2026.
The Annual Percentage Yield ("APY") reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period.
Available to members 0 to 21 years of age. A parent or legal guardian (18 years or older) is required to open the account and sign as a joint owner on the account. For account owners under the age of 13, the parent or legal guardian must authorize the collection, use, and disclosure of the child’s information.
Minimum Opening Deposit is $0.01 .
This is a variable rate accounts and the rate may change monthly after the account is opened. Fees and other conditions could reduce earnings. The disclosed Dividend Rate and Annual Percentage Yield are accurate as of the last dividend declaration date.
Membership is open to anyone who lives, works, worships, or attends school in New York City (NYC), and family members or household members of existing MCU members. A primary share account is required to establish membership. Primary share accounts are the Hero Savings Account, the Smart Apple, and the Youth Savings Account. Membership eligibility is subject to verification. Certain restrictions may apply.
*APY=Annual Percentage Yield. APY is accurate as of 10/15/2026.
The Annual Percentage Yield ("APY") reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period.
Available to members 13 to 21 years of age. A parent or legal guardian (18 years or older) is required to open the account and sign as a joint owner on the account.
The Youth Savings Account will earn dividends on any balance up to $1,000.00 at the dividend rate and Annual Percentage Yield (“APY”) stated in the $0.01 - $1,000.00 tier. Maintaining a balance in excess of $1,000.00 will not reduce the dividend rate applicable to the first $1,000.00 in the Youth Savings Account. The APY decreases as the balance increases over $1,000.00. The total balance in the Youth Savings account that contains in excess of $1,000.00 will earn dividends at the dividend rate and APY stated in the $1,000.01 and over tier.
Minimum Opening Deposit is $0.01.
This is a variable rate account and the rate may change monthly after the account is opened. Fees and other conditions could reduce earnings. The disclosed Dividend Rates and Annual Percentage Yields are accurate as of the last dividend declaration date.
Membership is open to anyone who lives, works, worships, or attends school in New York City (NYC), and family members or household members of existing MCU members. A primary share account is required to establish membership. Primary share accounts are the Hero Savings Account, the Smart Apple, and the Youth Savings Account. Membership eligibility is subject to verification. Certain restrictions may apply.
Mobile Banking
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With easy-to-use features, you can ensure your goals are met while managing your finances conveniently from anywhere.
Download the Mobile Banking App
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No Matter Where You Are in Life, We’re Right There with You.
At MCU, we believe that a credit union should be a lifelong source of financial education and support—from planning for college to saving for retirement and everything in between.
That’s why we have specialized recommendations for products and services designed to help you meet your goals (both short-term and down the road), based on your changing needs and priorities.
Make the Most of Your MCU Membership.
Membership in our community is about more than just banking. As an MCU member, you can access valuable information and resources to help you plan and reach your financial goals.
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