Grow Forward Savings
Grow Forward Savings Account (Ages 13-17, formerly Frequency Savers)
A teen-focused account that helps young people develop money management skills as they gain more independence. The teenage years are all about preparation – for careers, college, and life on their own. The Grow Forward account meets teens where they are, giving them real control over their money while building the skills they'll need for what's next. Whether they're saving from a part-time job, managing spending money, or setting aside funds for a car or college, they'll learn to balance their wants and needs in a safe, supported environment. With tools designed for their increasingly complex financial lives and parents who can monitor without micromanaging, Grow Forward helps teens step confidently into financial adulthood.
Eligibility & Requirements:
- Maintaining a $10 minimum balance will ensure no service fees.
- Your child should be aged 13 - 17, with a person over the age of 18 as a joint account holder.
- The account requires a completed membership application in the child's name, a valid ID1, a one-time $5 Membership fee and a minimum opening deposit of $10.
Kickstart financial wisdom with excitement!
Grow Forward Savings Account: Transforming teens into smart money managers.
A Grow Forward Savings Account helps teens – aged 13 - 17 – develop money management skills as they gain more independence and prepare for their future.
- No direct deposit requirement
- Coin processing fee waived (at select locations)
- Dividend bearing account
- Balances of $10 and above enjoy a 0.05% APY2
A journey of growth:
As the account holder matures, so does their account. Upon turning 18, the young adult will migrate to a Valley Thrive Savings account that supports them as they navigate college, first jobs, and major life transitions. This new account is designed with young adults ages 18 - 25 life stage in mind.
Savings Covered by the NCUA
At Valley First, your savings are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. Learn more about Share Insurance Coverage provided by the National Credit Union Administration.
1 Applicants will be screened with a Risk Management system validating: Identity Verification; Know Your Member Checks and Fraud/AML Information. Proper identification such as a State issued ID or Passport is required for Joint account holder. Minor can be identified by State ID or an alternative ID such as Birth Certificate, Social Security Card or Official school records.
2 APY=Annual Percentage Yield. APYs accurate as of the last dividend declaration date of 11.01.2026. This is a fixed rate account. Rates, terms and conditions are subject to change at any time after account opening, as determined by the credit union. Fees may reduce earnings. For dividend-bearing accounts, dividends are calculated by the average daily balance method, which applies a periodic rate to the average daily balance in your account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. You must maintain a minimum balance of $1 to obtain the Annual Percentage Yield stated. See All Rates for complete details.