From minor savings accounts to education-focused Coverdell accounts and flexible youth certificates, PostCity Youth Accounts make it easier to start early and save with purpose.
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A PostCity Minor Account is a simple way to help young savers begin building healthy money habits. A $5 par value deposit is required to open the account, and an ATM card may be ordered for deposits and withdrawals.
A smart first account for learning how saving works.
A Coverdell Education Savings Account, also called a CESA, is a tax-advantaged education savings account for qualified education expenses. The IRS says these accounts may be used for qualified elementary, secondary, and higher education expenses, and contributions are made in cash and are not tax-deductible.
At PostCity, the minimum deposit required to open an Educational IRA Share Account is $100. This is a tiered-rate account, and the applicable dividend rate and APY are paid on the entire average daily balance in the qualifying tier.
Coverdell ESAs are governed by specific IRS rules, including eligibility, contribution limits, and distribution requirements. The IRS states the designated beneficiary generally must be under age 18 when the account is established, unless the beneficiary is a special needs beneficiary.
All other terms and disclosures for PostCity Individual Retirement Accounts are contained in the credit union’s IRA agreement and disclosure statement, which is provided when the account is opened.
PostCity Youth Certificates are available for eligible members under age 24 and are designed for focused saving with added flexibility. The minimum deposit to open is $100, and additional deposits may be made at any time during the term.
You must maintain a minimum average daily balance of $100 to earn the stated APY and avoid closure. Withdrawals are not allowed until maturity, and penalties apply for early withdrawal on certificates.
A great option for young members who want to build savings steadily over time.
| Account | Best for | Opening requirement | Access |
|---|---|---|---|
|
Minor Account |
First savings habits |
$5 par value deposit |
ATM card available for deposits and withdrawals |
|
Coverdell ESA |
Education savings |
$100 minimum deposit |
Subject to IRS education account rules |
|
Youth Certificate |
Goal-based long-term saving |
$100 minimum deposit and $100 average daily balance to earn APY |
Deposits allowed during term; withdrawals at maturity unless penalty applies |
PostCity offers different youth savings options depending on the account type, including minor accounts, Coverdell education savings accounts, and youth certificates for eligible members under age 24.
Yes. For Minor Accounts, PostCity can order an ATM card for deposits and withdrawals.
A Coverdell ESA is used to help pay qualified education expenses, including certain elementary, secondary, and higher education costs.
Yes. Additional deposits may be made at any time during the term of a PostCity Youth Certificate.
Yes. PostCity states that penalties apply for early withdrawal on all certificates.
Rates, terms, eligibility, and account availability are subject to change without notice. Refer to PostCity’s Truth in Savings disclosure and applicable IRA agreement and disclosure statement for complete terms and conditions.
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