Vault Youth Savings

Young teen using phone to review checking account balance

Fast-track your savings 

Not only will you earn dividends from the first dollar saved, your first $1,000 grows at our highest available rates: 

  • Earn 5% APY (annual percentage yield) on your first $500. 
  • Your next $500 earns 3% APY. 
  • Accounts insured for up to $250,000 by the NCUA.
  • Additional savings grows according to the Rate & Fee Schedule.
Father and son smiling at the beach

Boost your balance and your money smarts

Vault includes learning resources and incentives for saving, like: 

  • A customized financial learning center: Our Youth Hub features short videos, articles, and exercises to help you learn about money, grow your savings, and hit your goals. 
  • Quarterly drawings for the chance to win $250: The more often you save, the more entries you’ll earn. Every deposit of $10 or more earns an automatic entry. 
Mother showing child about savings account

Access more perks as you grow

Your Vault account is built to evolve with your needs. Starting at 13, you can add: 

  • SELCO’s free digital banking app. Check your balance, deposit checks, set and track savings goals, and so much more. 
  • A SELCO debit card to make cash-free purchases anywhere Visa® is accepted, and free transactions at 30,000+ ATMs nationwide.  
  • A SELCO checking account to pair with Vault, giving you one account for saving and one for spending.  
Portland SELCO community credit union branch in forest park

Drop by a branch to get started

Visit us with a parent or guardian and bring: 

  • A photo ID (current student IDs are OK) 
  • Proof of your current address 
  • Social Security numbers for you and your parent or guardian 
  • $5 to join and at least $5 to put in your new account 

To enroll in Vault, you must be 17 years old or younger and live or work in one of the 27 Oregon counties or 8 Washington counties we serve (or have a family member who does). A qualified adult guarantor is required for deposit accounts and loans issued to members under 18.