Journey Youth Accounts
A Fun Way to Learn and Earn! COMING SOON!
Journey To A Brighter Financial Future
We’ve made it easier for our youth and young adult members to build a savings foundation, faster.
Available for members through age 25, a Journey Account is a free, high-interest savings and/or checking account that helps you to jump start your financial journey by accelerating your earning potential.
You're Getting a Sneak Peek!
Journey Youth Accounts are COMING SOON!
ACCOUNT FEATURES
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HIGH INTEREST EARNINGS
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NO MONTHLY FEES
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NO MINIMUM BALANCE
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FREE ONLINE & MOBILE BANKING
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FREE ONLINE EDUCATION TOOLS
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NATIONWIDE ACCESS
ACCELERATE YOUR SAVINGS
Establishing a strong financial foundation and understanding at a young age is key to being able to overcome the financial obstacles life may throw our way. Freedom’s Journey Accounts are designed to help children and young adults begin building that financial foundation by providing the tools to develop practical money skills.
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JOURNEY SAVINGS
A high interest savings account designed to help you save more.
- Earn 3.00% APY** on balances up to $1,500
- Earn 0.50% APY** on the remaining balance over $1,500
Journey Accounts are available for youth and young adults from newborn through age 25.
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JOURNEY CHECKING
A great way for young adults 16 years of age and older to start their financial journey.
- Earn 1.00% cash back on debit card purchases up to $5001
- Five (5) free ATM transactions per month
Cash Back Rewards Qualifications: Earning your reward is simple. Just login to your online or mobile banking once per month.
WHAT'S NEXT?
Upon graduation from Journey, Freedom will transfer funds from the member’s Journey Savings to a standard Share Savings Account. Journey Checking will convert to Freedom’s high-yield Empower Checking Account when the member reaches 26 years of age.
Other Youth Products
CUSTODIAL MINOR ACCOUNTs
A custodial minor account, also known as a UTMA (Uniform Transfers to Minors Act) account, is a great way to set aside funds for a child’s future. The account is owned by the child and managed by a parent or other adult custodian until the child reaches the age set by state law. Because of this structure, certain restrictions apply to ensure the funds are used for the child’s benefit. This type of account must be opened at a branch.
These accounts are designed to support long-term goals and help build a strong financial foundation as the child grows. Learn more about UTMA accounts.
YOUTH ANYTHING LOANS
Are you 18 or older and have a job? Do you need a new smart phone, tablet or other item under $1,000? Whether you have a previous credit history or not, give us a call!
FIRST-TIME CAR OR HOME LOANS
Are you new to the car-buying or home-buying process? At Freedom special terms and consideration are given to first-time buyers, and we love to answer questions! Give us a call.
Building Financial Knowledge
No financial journey is successful without the right knowledge and guidance. Understanding finances can be a challenge, but we offer free tools to help. From self-guided on-demand financial education courses through our free KOFE portal, to free financial coaching, seminars, and more, we’re here to help you succeed.
Open Your Child's Youth Account
Please visit a Freedom Branch with your child and their government issued-ID.
Your Journey begins soon-stayed tuned for the official release!
Disclosures
*APY = Annual Percentage Yield. Rates are variable and may change after the account is opened. Membership eligibility is required.
1 Journey Checking Cash Back Rewards: Eligible Journey Checking members may earn 1.00% cash back on qualifying Freedom Visa® Debit Card purchases (PIN- and signature-based) on the first $500 in purchases that post and settle during each Monthly Qualification Period. The maximum reward is $5.00 per month.
To earn rewards, members must:
- Be eligible for a Journey Account;
- Be enrolled in Online or Mobile Banking; and
- Log in to Online or Mobile Banking at least once during each Monthly Qualification Period.
Transactions may take one or more business days to post and settle and must do so during the Monthly Qualification Period to qualify.
The following transactions do not qualify for rewards: ATM transactions, transfers between accounts, bill payment transactions, and purchases processed or coded in a manner that is not eligible under the Journey Checking rewards program.
If account qualifications are not met during a Monthly Qualification Period, no cash back will be earned. Rewards are credited to the Journey Checking account on the last day of each statement cycle.
“Monthly Qualification Period” means the first through the last calendar day of each month.
Account approval, eligibility, qualifications, limits, and other requirements apply. Journey Checking is a non-dividend-bearing account. Activity fees may apply and could reduce earnings. Limit one Journey Checking account per Social Security Number. Rates, rewards, and qualification criteria are variable and may change after the account is opened.