Savings account hero
Home > Personal-Banking > Savings Accounts > Teen Savings

Teen Savings

Visit a branch button
Want to teach your teen money skills through experience? Teen Savings* is designed just for teens 13-17. Teens are required to have a qualified adult joint owner on this account. This offers a great foundation for money management while providing peace of mind to parents.

  • Convenience – 24/7 access through Online, Mobile Text and Mobile App Banking (free service – check your cell phone plan for possible fees)
  • Dividends – On balances as low as $5
  • Financial Education – South Carolina Federal hosts financial education workshops at branches and schools

Ready to start your teen saving?

Accounts require personal attention and specific documentation and, therefore, are opened in a branch.

 In branch button

To open a Teen Savings account, you need:

  • A qualified adult joint owner
  • Tax Identification Number with proper ID for the teen (social security card or military ID) – note a picture ID is required for teens 15 and older
  • Opening deposit of $5

Not a Member?

If you're not currently a member of South Carolina Federal, you can still apply for a Teen Savings. Want to learn more about joining the credit union? Learn more

Tips for Teen Savings

 Article: Raising Money Smart Kids

*Reg D limits apply

Online Banking Enrollment

Enrolling in Online Banking is simple and FREE:

  1. Enter your User ID
  2. Enter Phone Banking PIN as your Password
  3. Click on the LOG IN button

If you don't know your Phone Banking PIN, please contact us at 843.797.8300 (Charleston) or 800.845.0432 (Nationwide).