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Last Updated: 04/18/2025

USAlliance Financial MyLife Savings for Kids

in Savings Accounts from USAlliance Federal Credit Union

Last Updated: 04/18/2025

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APY (Annual Percentage Yield)

0.02% - 2.00%(Verified 06/21/2024)
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Minimum Opening Deposit

Up to $500

Minimum Balance to Earn APY

N/A

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USAlliance Financial MyLife Savings for Kids Review

USAlliance Financial MyLife Savings for Kids is offered by USAlliance Federal Credit Union, a credit union founded in 1966 and based in Rye, NY. USAlliance Financial Savings for Kids are available in 50 states and Washington, DC.

Key Takeaways

  • High yield savings. This account offers an annual percentage yield of up to 2.00%*, which is much higher than the average interest rate for a savings account.

USAlliance Financial Savings for Kids Pros & Cons

USAlliance Financial Savings for Kids FAQ

Are savings accounts from USAlliance Federal Credit Union federally insured?

No, your USAlliance Federal Credit Union savings accounts are not insured by a federal insurance agency. This means that if USAlliance Federal Credit Union were to fall into financial difficulties, your deposits are not covered by a government-backed insurance fund like the FDIC or NCUSIF.

Does USAlliance Federal Credit Union offer a signup bonus?

USAlliance Financial Savings for Kids doesn't offer a signup bonus.

What is the minimum initial deposit for USAlliance Financial Savings for Kids?

What APY* does USAlliance Financial MyLife Savings for Kids offer?

USAlliance Financial Savings for Kids offers a variable APY* starting at 0.02% and ranging up to 2.00% (APY stands for annual percentage yield, rates may change).
2.00% on the first $500.

What fees does USAlliance Financial Savings for Kids charge?

USAlliance Financial Savings for Kids does not charge a monthly service fee. See the fee breakdown section below to view all fees.

    Can you set up a direct deposit to USAlliance Financial Savings for Kids?

    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 USAlliance Financial Savings for Kids?

    The customer support email for USAlliance Financial Savings for Kids is memberservices@usalliance.org.

    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

    411 Theodore Fremd Ave
    Suite 350
    Rye, NY 10580
    (800) 431-2754
    Visit Site
    Email Support

    Hours of Operation

    Sunday
    Closed
    Monday
    8:45AM - 4:30PM
    Tuesday
    8:45AM - 4:30PM
    Wednesday
    8:45AM - 4:30PM
    Thursday
    8:45AM - 4:30PM
    Friday
    8:45AM - 4:30PM
    Saturday
    9:00AM - 2:00PM

    Other Services by USAlliance Federal Credit Union