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Boost teen account

A program for young adults ready to take responsibility for their financial future


If you're between the ages of 13-18, our special account will give you a jump start on your financial future by giving you the tools you need to succeed. Things like:

  • A boosted dividend1 on a savings account — higher than what our regular savings accounts earn
  • A boosted yield1 — 10.00% APY on a short-term (6-month) CD that featues a lower minimum balance requirement ($100) than adult CDs ($1,000). The maximum amount that can be deposited into a Teen CD is $1,000.
  • A contactless Visa debit card with digital wallet availability, starting at age 13. When using the card to make in-person or online purchases, you'll earn rewards points on signature-based transactions. If using your card to make withdrawals or deposits at ATMs, you can enjoy free access to more than 250 ATMs locally and 30,000 nationwide! This includes in selected stores like 7-Eleven, Circle K, Costco, Dunkin Donuts, etc.
  • A free checking account, starting at age 13
  • Free paper statements (or eStatements, if you prefer)
  • A low-rate Visa credit card2, starting at age 16, to help you establish and build credit

A minimum deposit of $25 is needed to open a Boost account. By learning how to use your own money to make real-life decisions, you'll learn great saving and spending habits.

We'll be with with you every step of the way


You'll learn how to do things that are important, like:

  • Using online banking and our mobile app to stay on top of your money
  • Depositing checks electronically with your cell phone camera
  • Balancing a checkbook
  • Budgeting and planning ahead
  • Shopping for the best values
  • Developing smart credit habits and payment skills
  • Applying for an auto loan

Having a Boost account is one of the first steps toward making the most of your money.

Opportunity to earn a scholarship


You could earn a $1,000 or $500 scholarship from us based on a short written essay, your scholastic record, extracurricular activities and volunteer work. It's our way of demonstrating our commitment to suppporting the educational aspirations of our young members. We annually award up to four scholarships and a total of $3,000.

  • Louis Kovarik scholarship (ages 13-15) — First-place winner receives $1,000; runner-up receives $500.
  • William Pauly scholarship (for members ages 16-18) — First-place winner receives $1,000; runner-up, $500.

No other local financial institution offers scholarships to younger-age teens; most offer college scholarships to graduating high school seniors only. Since 2004, we've awarded a total of $30,000 to 41 deserving students in the local community.

The deadline for our 2025 competition starts in October 2024, with a March 2025 deadline for submissions.

1Higher dividend/annual percentage yield is paid on savings accounts for those ages 13-17. Parent needs to be listed on account through age 17. At age 18, an individual can open an account of their own or request parent(s) be removed as joint owner on existing Boost account. 2Need to have a job and parent or guardian as guarantor. $250 credit limit. At age 18, with proof of income, credit limit is $500. No annual fee or transaction fees for purchases.