Michigan First Credit Union
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Earn 10.00% APY on your savings

Grab our very best rate yet on SavingsPlus balances up to $5,000
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A century of putting people first

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MoneyKids Savings Account

Help your child start saving with confidence.
Save early
Grow confidence
Gain financial knowledge
Explore Youth Accounts

It's never too early to build good financial habits. 

Starting strong with smart saving habits can make a big difference down the road. Our MoneyKids savings account, designed specifically for children 12 and under, will help your child learn the value of saving and set them on the path to financial independence. In addition, your child will also receive our bi-annual MoneyKids newsletter filled with financial tips and fun activities.

MoneyKids Account benefits

  • Competitive dividends on deposits
  • Online and mobile banking access
  • $10 minimum opening deposit
  • A simple place for allowance, gifts, and other savings
  • Tools for teaching goal-setting and money management
  • Biannual MoneyKids financial education newsletter

Help them practice saving

A first savings account gives kids an opportunity to learn through real-world experience. Parents and guardians can help children choose a goal, decide how much to save, and celebrate their progress along the way.

MoneyKids can be used to save for things like a favorite toy or game, a special activity, a future purchase, or simply building savings for later.

The goal is not how much they save. It is helping them understand that small choices and consistent saving can add up over time.

Growing up? There’s an account for that.

When your child reaches the next stage, MoneyTeens Checking can help them practice managing spending, using a debit card, and taking on more responsibility for their money.
Explore All Rates
MoneyKids Savings Rates.
Minimum Balance
$0.00 to $1,000
as high as
0.05%
APY1
Minimum Balance
$1,000.01 and up
as high as
0.10%
APY1

Frequently asked questions

View All FAQs

Michigan First deposits are federally insured by the National Credit Union Administration (NCUA) for up to $250,000 and privately insured by Excess Share Insurance for up to an additional $250,000. Together, this provides up to $500,000 in coverage for qualifying deposits based on account ownership category. Coverage applies to eligible checking, savings, money market, and certificate accounts.

Michigan First offers youth banking options designed for different ages and stages. MoneyKids Savings Accounts help children begin saving, while MoneyTeens Checking Accounts give teenagers experience managing a checking account and debit card. Finley combines a real youth account and debit card with age-appropriate financial education and parental controls.

Yes. Michigan First offers debit card access through eligible youth accounts. Finley is available for children ages 6–17 and gives parents tools to view purchases, set spending limits, freeze or unfreeze the card, and help their child manage money responsibly.

Finley is Michigan First’s youth banking and financial education experience for children ages 6–17. It combines a real account and debit card with age-appropriate lessons, quizzes, challenges, and rewards. Parents can monitor purchases, set spending limits, manage the child’s card, and use chores and allowances to help their child practice managing real money.

Resources to help manage your money.
Online Banking
Mobile Banking
Account Alerts
Build stronger money habits.
Online Learning
Build a personalized learning playlist

Online learning modules built to help you reach your financial goals.

Online Learning
Virtual Seminars
Saving for a home?

Our Mortgage Seminars can help guide you as you begin your homebuying journey.

Virtual Seminars About Mortgages
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The Power of Compound Interest

You've probably heard of the age-old advice about the importance of saving for retirement and the wisdom of starting early. But why is the timing of your savings more critical than the amount you save? The answer lies in a simple yet powerful concept: compound interest.
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Building an Emergency Fund: How Much to Save?

Life can be unpredictable, and emergency fund is essential for financial stability in the face of unexpected expenses.

Find the right checking account.

Compare checking options designed to support your everyday banking needs.
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* Minimum opening deposit of $10 required. An account balance of $100 required after the first three months of membership to avoid a monthly minimum balance fee. View our fee schedule.

1 APY = Annual Percentage Yield. Minimum balances listed is to open an account and to earn the advertised APY. All rates and APYs are accurate as of today, and subject to change at any time. Fees may reduce earnings on accounts. For current dividends, please contact us.

2 Minimum balance for Regular Savings Account is $10.00.