Youth Accounts
Premier Members CU offers several youth programs and products geared towards our younger members. They were created to both educate and help parents educate their children about how to manage their finances prior to high school graduation.
Earn Big Free Checking
Gone are the days of working for your checking account. Our new Earn Big Free Checking account puts the power back in your wallet. Where it should be. We want to reward you for the things you do every day, like using your debit card and having direct deposit. Plus, with this new account we make having eStatements even greener (with that extra green in your pocket…see what we did there?) Each month, you’ll qualify to Earn Big when you meet the following criteria1:
- Have direct deposit of at least $500#
- Be enrolled in eStatements
- Use your debit card at least 25 times (ATM transactions don’t count)
And that’s it. Once you hit that, you’ll earn 1.00% APY* on your first $2,000!
Here’s how the rate works:
| tier | APY* | Dividend Rate |
|---|---|---|
| $0.00 - $2,000 | 1.00% | 1.00% |
| $2,000.01 - $5,000 | 0.49% to 1.00% | 0.15% |
| $5,000.01 - $10,000 | 0.32% to 0.49% | 0.15% |
| $10,000.01 - $50,000 | 0.14% to 0.32% | 0.10% |
| $50,000.01 - $100,000 | 0.12% to 0.14% | 0.10% |
| $100,000.01 - $250,000 | 0.08% to 0.12% | 0.05% |
| $250,000 and over | 0.05% to 0.08% | 0.05% |
Should you find yourself unable to meet the monthly criteria, no worries! You’ll still earn 0.01% APY on your entire checking balance and you reset for the next month.
Calculate your earnings in one year
Earn Big Free Checking Earnings Calculator
| Tiers | APY |
|---|---|
| {{ tier.distributed | dollar }} | {{ tier.rate | percent }} |
This calculator is for illustrative purposes only and does not reflect the actual results of any specific deposit amount.
Online banking
Access your accounts anytime and almost anywhere with free online banking. With online banking you can check balances, transfer funds, view history and even pay your bills online, all for free!
VISA Debit/Check card
Get cash or make purchases around the world with a Premier Members Visa Debit/Check card. With access to a nationwide network of surcharge-free ATMs you’ll save money with our debit cards. Debit cards include:
- Chip technology, adding an additional layer of security to your card at the point of purchase
- Tap and go technology for a contactless experience where tap and go is accepted
- The ability to add your card to your digital wallets such as Apple Pay and Android Pay
Open an account
Stop in at any of our branch locations to open your account. Parental involvement is required for minors under the age of 18 to open an account. Acceptable forms of identification (to verify DOB) are Birth Certificate, Non-expired Government issued ID or Non-expired US Passport.
Youth savings
Youth educated savers (Age 0-17)
Our Young Educated Savers Club is designed for ages 0-17 in order to provide the practical knowledge and hands-on experience of saving and money management. Premier Members CU offers the financial tools and opportunities that you’re looking for, along with the information you need to build a strong foundation of financial independence. In addition to opening a savings and checking account, you have access to auto loans for your first vehicle as well as Student Credit Cards, so that you might begin to establish and learn about credit in a responsible manner with parental involvement.
Current youth savings rates
* APY = Annual Percentage Yield. #Qualifying Direct Deposit of your payroll or benefit must be a cumulative amount equal to or greater than $500 per month. In order to receive eStatements you must agree to the Terms and Conditions; eStatements are viewable within online banking. 25 Visa Debit Card transactions must post to your checking account during the qualification period. ATM transactions do not qualify. The qualification period is from 12:00:00 am MST on the 1st of the month to 11:59:59 pm MST on the last day of each month. You must be enrolled in eStatements by 2:00 pm MST on the last day of the month to qualify as receiving eStatements. 1You must meet all criteria to earn tiered rates; if all criteria is not met, you will earn 0.01% APY based on your average daily balance in the period. At the end of the qualification period if all criteria are met, a blended rate dividend is paid based on the average daily balance on your account. Dividends are paid at tier rates on balances within each tier. Total dividends paid is the sum from each tier. Rates are valid as of 10/01/2022 and are subject to change at any time without notice. Only Consumer checking accounts are eligible. These qualifications and rates do not apply to business or other checking products offered by Premier Members Credit Union. All dividends earned on this product will be reported on applicable tax documents including 1099-INT.