Youth Savings
At DMCU, your child’s savings can grow along with them. We offer savings options to help our youngest members learn good habits and financial responsibility early. For children ages 0-18, we offer:
- $50 every year for your child’s birthday with the My Future Savings Account*
- Deposits can be made at any time
- Free use of coin machines at our branches
- Higher dividend rates
- Annual school supply giveaways at our Back to School Bash
For our young adult members ages 18-22, we offer:
- Rate discounts on first auto loan**
- Annual opportunities for scholarships
- Financial Coaching
- Give Back Checking
It's never too early to save. Call us at (313) 568-5000 or visit one of our branches.
*Initial deposit of $100 required to open the My Future Savings Account.
**Credit report and/or any other documents must prove that you do not have prior history of an auto loan.
Graduate to Greater Savings!
Starting a new chapter as a grad comes with some cool perks, like receiving money through gifts or grants. At DMCU, we're all about making that cash grow with special offers exclusively for recent high school or college graduates!
- Cap & Gown CD- Earn 4.50% APY* with our 12-month Certificate of Deposit Special.
- $25 gift card when you make an appointment with a financial coach.**
- Earn $10 a month with DMCU's Give Back Checking account***
| Term | Rate | APY* | Minimum Balance |
|---|---|---|---|
| 12 Months | 4.43 | 4.50% | $200.00 |
*APY=Annual Percentage Yield. This limited time offer is only extended to members in DMCU’s youth club ages 17-22. The minimum deposit is $200 and the max deposit is $10,000. New money only; money that was not already on deposit with DMCU prior to opening the Cap & Gown CD. One withdrawal is allowed without penalty during the 12-month period. Upon the second withdrawal normal penalty will apply and CD will be closed. Offer ends 7/31/2025.
**Financial coaching appointments are for members ages 17 and older. Members who are not 18 years of age must have a parent/guardian with them for their appointment. You must complete your appointment to receive a $25 gift card. This limited time offer is only extended to members in DMCU’s youth club ages 17-22. Offer ends 7/31/2025.
***All checking accounts are subject to approval. See membership disclosure for checking requirements.
Join the neighborhood today!
Come on over and share the wealth with thousands of other members through rewards, low rates, and making financing a breeze.