4 more

Last Updated: 04/18/2025

Instep Credit Union Kids Account

in Savings Accounts from Instep Credit Union

Last Updated: 04/18/2025

No Reviews Yet

This product has no reviews yet. Help others by sharing your thoughts.

Be the first to rate

Explore a similar product

Try this top product in Savings Accounts

Chime Savings Account

Mostly recommended31 reviews

Visit Site

Community Recommended Products

View All

Mostly recommended31 Reviews

Learn More

Strongly recommended22 Reviews

Learn More

Strongly recommended20 Reviews

Learn More

Compare All Savings Accounts

Filter & compare all your options in one place.

View All Products

Highlights

APY (Annual Percentage Yield)

3.05%(Verified 06/22/2024)

Minimum Opening Deposit

Minimum Balance to Earn APY

Instep Credit Union Kids Account Review

Instep Credit Union Kids Account is offered by Instep Credit Union, a credit union founded in 1948 and based in New Orleans, LA. Instep Credit Union Kids Account are available in 50 states, 5 US territories, and Washington, DC.

Key Takeaways

High yield savings. This account offers an annual percentage yield of up to 3.05%, which is much higher than the average interest rate for a savings account. However, you must meet minimum balance requirements for higher APYs.
No monthly maintenance fees. This account does not charge any monthly account fees.
Small minimum initial deposit. You only need $5.00 to open an account.

Instep Credit Union Kids Account Pros & Cons

Pros

Cons

Available in 50 states, 5 U.S. territories and Washington, DC.
High yield APY .
Insured by NCUA.
Access to physical branches.
Access to a nationwide network of ATMs.

Does not offer mobile check deposits.
Does not come with a debit card
No signup bonus.

Instep Credit Union Kids Account FAQ

Are savings accounts from Instep Credit Union federally insured?

Yes, your savings accounts are insured up to $250,000 per share owner for each account ownership category. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. The fund is backed by the full faith and credit of the U.S. Government.

Does Instep Credit Union offer a signup bonus?

Instep Credit Union Kids Account doesn't offer a signup bonus.

What is the minimum initial deposit for Instep Credit Union Kids Account?

The minimum deposit to open a Instep Credit Union Kids Account is $5.00.

Instep Credit Union Kids Account Minimums

Description

Minimum Average Balance to Avoid Monthly Service Fee

$0.00

Minimum Balance to Earn APY

$5.00

Minimum Opening Deposit

$5.00

What APY does Instep Credit Union Kids Account offer?

Instep Credit Union Kids Account offers an APY of 3.05% (APY stands for annual percentage yield, rates may change). This is much higher than the average savings account rate.

The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually.

What fees does Instep Credit Union Kids Account charge?

Instep Credit Union Kids Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

An overdraft on your account will trigger a $28.00 fee per item.

Does Instep Credit Union Kids Account charge overdraft fees?

Yes, Instep Credit Union Kids Account charges a $28.00 overdraft fee.

What features and perks does Instep Credit Union Kids Account offer?

This savings account includes the following features:

Mobile Banking Services - Instep Credit Union Kids Account allows you to manage your money online or with a mobile app.
Nationwide ATM network - Conveniently transact at a nearby ATM.

Can you set up a direct deposit to Instep Credit Union Kids Account?

Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.

What is the customer support email for Instep Credit Union Kids Account?

The customer support email for Instep Credit Union Kids Account is askus@instepmembers.com.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters

400 Russell Dr

Bldg #509

New Orleans, LA 70143

(504) 394-5574

Visit Site

Email Support

Hours of Operation

Sunday

Closed

Monday

10:00AM - 4:30PM

Tuesday

9:00AM - 4:30PM

Wednesday

9:00AM - 4:30PM

Thursday

9:00AM - 4:30PM

Friday

9:00AM - 4:30PM

Saturday

Closed

Other Services by Instep Credit Union

Personal Loans

3 products

Be the first to rate

Other Savings Accounts from Instep Credit Union

Instep Credit Union Back to School Club Account

Rating not yet determined

Be the first to rate

APY (Annual Percentage Yield)

2.02%

Disclaimer popup with additional information

Minimum Opening Deposit

Minimum Balance to Earn APY

Visit Site

Instep Credit Union Christmas Club Account

Rating not yet determined

Be the first to rate

APY (Annual Percentage Yield)

2.02%

Disclaimer popup with additional information

Minimum Opening Deposit

Minimum Balance to Earn APY

Visit Site

Instep Credit Union IRA Share Account

Rating not yet determined

Be the first to rate

APY (Annual Percentage Yield)

1.87% - 2.02%

Disclaimer popup with additional information

Minimum Opening Deposit

Minimum Balance to Earn APY

Visit Site

Instep Credit Union Regular Savings Account

Rating not yet determined

Be the first to rate

APY (Annual Percentage Yield)

0.86% - 1.56%

Disclaimer popup with additional information

Minimum Opening Deposit

Minimum Balance to Earn APY

$50

Visit Site

Instep Credit Union Teens Account

Rating not yet determined

Be the first to rate

APY (Annual Percentage Yield)

3.05%

Disclaimer popup with additional information

Minimum Opening Deposit

Minimum Balance to Earn APY

Visit Site

Community Recommended Products

View All

Mostly recommended31 Reviews

Learn More

Strongly recommended22 Reviews

Learn More

Strongly recommended20 Reviews

Learn More

SuperMoney Net Recommendation Score

This product has no reviews yet. Help others by sharing your thoughts.

-1000+100

No one recommends

Everyone recommends

The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.