Student Savers CD

Student Savers CD

Helping high schools students save more for whatever comes next

The Ideal CU Student Savers CD earns high school students a high APY (Annual Percentage Yield). The Student Savers CD is available only for members age 14-17.

The CD matures on the student's 18th birthday, so the 'term' (how long the CD remains active) depends on when it's opened. On the student's 18th birthday, funds will be deposited into their Share Savings Account.

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Today's Student Savers CD Rate

Rates as of:
Minimum Opening BalanceTermInterest RateAPY*
$25 Up to 48 Months 3.00% 3.04%
*APY is Annual Percentage Yield. Rates subject to change at any time. The Student Savers CD must be in the teen’s name and only one Student Savers CD per teen can be opened. The minimum opening balance is $25 and additional dollars can be added at any time, up to the limit of $1,000. Restrictions apply because this Certificate is intended to be used only for the teen’s own money. Student must have a Student Checking account in good standing to qualify for Student Savers CD. If the student needs to cash in the CD prior to their 18th birthday, a penalty of 100% of the interest earned will be assessed.

Ideal Student Banking

The Student Savers CD must be in the teen’s name and only one Student Savers CD per teen can be opened. The minimum opening balance is $25 and additional dollars can be added at any time, up to the limit of $1,000. Restrictions apply because this Certificate is intended to be used only for the teen’s own money. Student must have a Student Checking account in good standing to qualify for Student Savers CD. If the student needs to cash in the CD prior to their 18th birthday, a penalty of 100% of the interest earned will be assessed.