Which account is best for you?

Bethpage offers savings accounts designed for youth of all ages. Whether your child is just beginning to understand the concept of money, or is a college-bound student getting ready to start managing his or her own finances, Bethpage provides easy-to-open accounts with many great features to help your children get on the right financial track!

 
Youth Savings Custodial (NYUTMA) [2]

Build savings over time with a custodial account (NYUTMA) that can be transferred to the minor when he/she reaches the age of majority.

Learn, grow and save
Manage their financial future. As the custodian of the account, you have complete control over the minor's investment and access to it both online and at a branch.
Learn, grow and save
Learn, grow and save. Teach your child the value of money at an early age by watching his/her savings grow over time.
Are you under 18 and looking to open an account that you can manage yourself? Visit a local branch for more information.
 
Young Adult Savings

Heading off to college? Take Bethpage with you! A Young Adult Savings Account can grow as you grow, no matter where you are.

Enjoy surcharge free ATM's and shared branches
Your money is never out of reach. Shared branches and free ATMs are available nationwide. Look for these logos:
Shared Locations
Download the Bethpage App
Convenient account access on the go. Check your balance, pay back friends, and even deposit checks from Grandma on your mobile device with the Bethpage app.
Apple App Store Google Play Store

Compare Our Savings Accounts Youth Savings Custodial (NYUTMA)
Young Adult
Savings
4.00% APYOn the first $1,000* Yes Yes
Age qualification 0-17 years old 18-20 years old
Account ownership The minor is the sole owner of funds and the custodian (ex. parent, guardian, grandparent) controls the account The account opener has full control
Minimum opening deposit $5 $5
Federally insured by the NCUA [3] Yes Yes

Why Bethpage?

We're a credit union, not a bank.

Which means your needs come first, not stockholders; because there are none. We invest back in you by delivering lower fees and better rates.
Bethpage has been serving members for over 75 years.
Bethpage has been serving members for over 75 years.
NCUA Insured
Your money is safe; Bethpage is Federally insured by the NCUA [3].
Everyone can bank at Bethpage
No matter where you live, everyone can bank at Bethpage.

FAQs

We have the answers you need for the questions you have.

How do I open a Savings Account?

You can easily open a Savings account with Bethpage online or in a branch.
Open a Youth Savings Custodial (NYUTMA) account online
Open a Young Adult Savings account online
Open an account in person at your nearest branch

Before you get started, make sure you have the following available:

  1. Your Social Security Number
  2. Your Driver's License or Government Issued ID for identity verification
  3. The information above for the joint owner of your account, if applicable

A one-time, $5.00 deposit into your savings account is required to open a Savings account.

To open a Youth Savings Custodial (NYUTMA) account online, either the custodian or child must reside in New York State.

If I opened a Savings account online, am I eligible to receive a free Bethpage soccer ball as part of the promotion?

Yes, you will receive your Bethpage Soccer Ball in the mail within approximately 4 weeks after your account is opened.

How is a credit union different than a bank?

Credit unions are made up of members who have ownership in the overall institution.

What does this mean? Instead of earnings going into the shareholder's pockets, they are paid back to members in the form of higher savings rates, lower loan rates and exceptional service.

Membership is open to anyone who opens a $5 minimum savings account.

There aren't any branches near me. Can I still do my banking in person?

Of course! While you still have full access to your accounts 24/7 with our mobile banking, we have a nation-wide network of over 30,000 surcharge-free ATMs and 5,000 shared branch locations.

A Shared Service branch is a Bethpage or other credit union branch that participates in a network that allows members to walk into a credit union location that displays the CO-OP logo. At these designated locations you will be able to deposit or cash checks, make a withdrawal or make a loan payment.

Shared Branches give members thousands of convenient locations to perform basic transactions. Whether you are at work, home, or your favorite travel destination, you will have the ability to get the service you need.

To find your nearest shared branch location, use our branch locator.

What is a shared branch location and how do I find one?

A Shared Service branch is a Bethpage or other credit union branch that participates in a network that allows members to walk into a credit union location that displays the CO-OP logo. At these designated locations you will be able to deposit or cash checks, make a withdrawal or make a loan payment.

Shared Branches give members thousands of convenient locations to perform basic transactions. Whether you are at work, home, or your favorite travel destination, you will have the ability to get the service you need.

To find your nearest shared branch location, use our branch locator.

Is my Savings account insured?

Yes, all Bethpage Federal Credit Union deposit accounts are insured up to $250,000 through the National Credit Union Administration (NCUA)[3].

What is the difference between NCUA and FDIC insurance?

The National Credit Union Administration is the independent federal agency created by the United States Congress to regulate, charter, and supervise federal credit unions.

The NCUA operates the National Credit Union Share Insurance Fund (NCUSIF) to protect accounts at federally insured credit unions (like Bethpage) for up to $250,000. The NCUA's share insurance coverage is similar to the deposit insurance coverage offered by the Federal Deposit Insurance Corporation (FDIC), which insures bank deposits.

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Looking for more information?

Check out our Help Center.

My Money 101

Learn about savings goals and smart habits to help you save for the future.

Whether you want to learn the banking basics, or increase your financial know-how, My Money 101 has something for you! These free interactive learning tutorials are quick, easy and packed with information to help you reach your financial goals.

LEARN MORE

Quick and easy
5-10 minute tutorials.

Mobile friendly
Learn on-the-go; on your schedule.

For everyone
You don't have to be a member.

* Annual Percentage Yields (APYs) effective and are subject to change, including after account opening, without notice. 4.00% APY and dividend rate are earned on balances up to $1,000; balances higher than $1,000 earn 0.35% APY and dividend rate. Fees or other conditions could reduce earnings. Certain restrictions may apply. Additional verification may be requested for Youth Savings or Young Adult Savings Account opening. Program and terms subject to change. At the age of 18, Youth Savings Accounts are automatically converted to Young Adult Savings Accounts. At the age of 21, Young Adult Savings Accounts are automatically converted to a basic savings account. Membership requires a $5 minimum share account.

[1] Youth Savings Account - ages 17 and under. Young Adult Savings Account - ages 18-20.

[2] The Youth Savings Custodial UTMA Account is governed by the New York Uniform Transfers to Minors Act ("NYUTMA"). This account can only be opened online if the custodian or the minor is a resident of New York State and by opening such an account you agree that this account will be governed by NYUTMA. All funds deposited in the account irrevocably become the property of the minor, but are to be managed for the minor's benefit by the custodian until the minor reaches the age of majority, at which time the custodian is responsible for distributing the funds to the minor. Only one custodian (who must be 21 or older) and one minor are allowed per account. The NYUTMA imposes certain fiduciary and record keeping obligations on an NYUTMA account custodian and requires that interest earnings are reported to the IRS under the minor's Social Security number. Bethpage Federal Credit Union has no duty to monitor or ensure that the acts of the custodian are for the use or benefit of the minor or comply with the NYUTMA, or are otherwise permissible exercises of the custodian's powers under the NYUTMA. If you are not certain whether NYUTMA account is the right choice for you, we strongly urge you to first seek professional legal, tax, investment and/or estate planning advice. The offering of NYUTMA accounts should not be construed in any way as the providing of legal or tax advice by Bethpage Federal Credit Union.

[3] The National Credit Union Administration (NCUA) share insurance coverage applies to each share owner, per insured credit union, for each ownership category.

† Limit 1 ball per person that opens a Youth or Young Adult Savings Account. Soccer ball offer valid 07/09/2018 through 08/31/2018, or while supplies last.