It’s Never Too Early to Start Saving
Our Young Savers Share Certificate (YSSC) is a savings account specially designed for young members under 18 years of age, who want to get a head start on building a sound financial future.
With competitive rates, a $100 initial deposit, and a monthly contribution of at least $20, the YSSC account is ideal in helping youth get into the good habit of regularly putting a little money aside.
Features and benefits of the YSSC account
| Initial Deposit |
Minimum Monthly contribution |
Term |
Type |
Rate |
| $100 |
$20.001 |
12 months2 |
Share Certificate |
Fixed |
To open the YSSC3 account download the form and fax it to us at (202) 683-2380, or mail it to us directly. You may also e-mail us at memberservices@bfsfcu.org or meet with a Member Services Representative in person at any of our branches in Washington D.C.
1Deposits must be made at least once per month. Total deposits each month must equal or exceed $20. Failure to meet the monthly minimum deposit will result in account closure and transfer of the balance less penalty to your Membership Savings (S1) account.
2Withdrawal or cancellation prior to maturity will result in the loss of 180 days of dividends on the amount withdrawn.
3Children under 12 years of age require a parent or guardian to open the YSSC for them.
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