Youth Savings Programs
Deep Sea Savers
- Available to our youngest members 13 and under
- Competitive dividends on every dollar deposited
- Start setting aside for big future goals or smaller everyday items
- Teaches the value and principles of saving from an early age
- Make deposits to earn Coins
- Redeem Coins for prizes!
- Start saving for college at an early age with our College Club
- Watch your savings grow quickly with our Add-On Youth Share Certificate
- Enjoy an extra $5 birthday deposit from First Capital FCU around your birthday*
- Deep Sea Savers will automatically convert to NextGen membership at age 14
- $5 minimum deposit to open
- For our youngest Deep Sea Savers, newborn to one year, we will make the initial opening deposit of $6 ($1 membership fee, $5 share savings deposit)
See our Deep Sea Savers brochure for more information.
*Every year, bring in your FCFCU birthday card within the month of your birthday with a $25 deposit, and we'll deposit an extra $5 into your Deep Sea Savers Account.
Nextgen
- Available to members ages 14 - 17
- FREE tumbler at account opening
- Earn 50 points for every $50 deposit
- For every 500 points earned, receive a $5 deposit automatically into your savings account
- Random quarterly drawings for gift cards
- Free box of checks every year
- Free Electronic Services
- Access to private student loans
- Educational opportunities via our free seminar series
- Start saving for college at an early age with our College Club
- Watch your savings grow quickly with our Add-On Youth Share Certificate
- Enjoy an extra $5 birthday deposit from First Capital FCU around your birthday*
- NextGen members will automatically transition into the Star Rewards program at age 18
- $5 minimum deposit to open
See our NextGen brochure for more information.
*Every year, bring in your FCFCU birthday card within the month of your birthday with a $25 deposit, and we'll deposit an extra $5 into your NextGen account.
Coverdell Education Savings Account
Create an easier transition into college for yourself and your student by setting up an account early. A Coverdell Education Savings Account (ESA) provides a tax-free safe place to grow competitive dividends and also financial confidence for a new stage in life.
- Set aside funds for your child's education
- No setup fee
- Dividends grow tax-free
- Withdrawals are tax-free and penalty-free when used for qualified education expenses*
- Designated beneficiary must be under 18 when contributions are made**
- To contribute to an CESA, certain income limits apply**
- Contributions are not tax deductible
- $2,000 maximum annual contribution per child
- The CESA may be transferred without penalty to another member of the family**
- The money must be withdrawn by the time he or she turns 30***
Request Additional Information
*Qualified expenses include tuition and fees, books, supplies, board, etc.
**Consult your tax advisor.
***Those earnings are subject to income tax and a penalty.