Prepare your teen for financial independence with accounts designed just for them.

                 
Account Type Teen Savings   Teen Checking   Certificate   Traditional & Roth IRA  
Minimum Opening Deposit $0   $0   $1000   $1000  
Minimum Balance To Earn APY1 $25   $25   $1000   $1000  
Monthly Service Fee None   None   N/A   N/A  
                 
1 Annual Percentage Yield. Fees may reduce earnings. View current rates.

Explore Account Options

Is your teen moving in the right financial direction? Our Teen Savings Account is the perfect way to get them started on the right path.

  • $0 opening deposit
  • $0 monthly service fee
  • Easy to manage – keep track of balances with free mobile and online account access
  • Easy online transfers from your account to your teen's account
  • Identity protection through ID ProtectTM

To open a Teen Savings Account, stop by one of branch locations or schedule an appointment.

Set your teen up for success while helping them build good money management skills.

Our Teen Checking Account can help them learn how to manage a paycheck, create a budget and save for the future.

  • No monthly service fee or minimum balance requirement
  • Visa® debit card for purchases and ATM cash withdrawals and deposits
  • 30,000+ surcharge-free ATMs
  • Exclusive Visa® debit card designs that support local nonprofits
  • 30,000+ surcharge-free ATM's
  • Easy, quick payments with Venmo, Apple PayTM, Samsung PayTM and Google PayTM
  • Cash Back debit card offers
  • CardPower™ mobile app – an on/off switch for your debit card
  • Free access to ID Protect™ – credit score, credit report and identity protection services
  • Monthly dividends paid on balances of $25 or more

How to get started

To open a Teen Checking Account, stop by one of branch locations or schedule an appointment.

Our Share Certificates are a great long-term savings option for your teen’s financial journey that earn a higher rate of return than a basic savings account.

  • Enjoy fixed, steady growth for long-term savings
  • Open with as little as $1,000
  • Choose terms ranging from 6 months to 5 years

To open a Share Certificate, stop by one of branch locations or if you already have an account, you can open a Certificate online or by phone.

Teens with earned income can get a jump start on retirement savings with a Traditional or Roth IRA Certificate.

  • Open with as little as $1,000
  • Choose terms from 12, 18 or 60 months
  • Enjoy special tax advantages for those who qualify (consult your tax advisor)

To open an IRA Certificate, stop by one of branch locations or schedule an appointment.

Our UTMA (Uniform Transfer to Minors Account) is a great option for minors to receive gifts – such as money, patents, royalties, real estate and fine art – without the aid of a guardian or trustee. Consult with your tax advisor or accountant to see if a UTMA might be right for you.

  • Minor must be under 21 years of age
  • Deposits reported at the minor’s parents’ income tax rate
  • Convenient online access and online statements

To open an UTMA, stop by one of branch locations or schedule an appointment.

Open a Teen Account Today!

Stop by a branch or schedule an appointment.

Schedule
Appointment


At this time, Teen Accounts cannot be opened online.
What you need to open a Teen Account
  • Current identification (school ID, driver's license, state ID, passport, etc.)
  • Social Security or tax-ID number
  • No joint owner required (if joint owner, must be over 18)

To open a Share Certificate, stop by a branch or if you already have an account, you can open a Certificate online or by phone.

Free Money Talks Guides for Parents and Grandparents
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Get tips on teaching your kids about spending, saving, and sharing money!

Get a FREE gift for new accounts
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Paw Squad & Club Rising
  • FREE enrollment in our exclusive youth & teen clubs!
  • FREE gift - Arizona Humane Society plush puppy or Phoenix Rising Soccer Ball
  • Discounts for Arizona Humane Society activities and Phoenix Rising match tickets
Youth & Young Adult Accounts

Arizona Federal also offers accounts for kids (ages 12 and younger) and young adults (ages 18-20):