Teen Account



At Cyprus Credit Union, we believe the best time to start preparing for your teen’s future is now. With products and resources designed with them in mind, you can help ensure that your teen’s finances start off on the right foot.



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Teen Savings

One of the most important parts of saving for teens is having a safe place to keep their money. With a Cyprus savings account, your teen will be able to: 

  • Earn dividends on any positive balance
  • Make a deposit at any branch or through Mobile Banking
  • Know their money is protected by the NCUA

Dream Certificate

Help your teen achieve their dreams with a Dream Certificate from Cyprus Credit Union. With higher interest rates than traditional savings, this account is a great option for saving for college, a first car, or vacation. A Dream Certificate can be opened with as little as $20 and money can be added throughout the savings term.


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Teen Checking

With no annual or monthly fees or minimum balance requirements, a checking account from Cyprus is a great way to teach your teen how to handle their finances. Those under the age of 18 must have a parent or guardian as a joint account owner.  


Visa Debit Card

Your teen’s debit card can be used wherever Visa is accepted. It’s safer than cash because their money is protected if the card is lost or stolen. Cyprus can also put safeguards into place to eliminate the risk of overdraft fees. Our free account alerts let your teen use their card with confidence, keeping them and yourself updated on current balances. 

ATM Card

An ATM gives your teen free access to their money at any Cyprus ATM, CO OP ATM, or any 7-11 ATM. With overdraft protection, your teen can’t withdraw more money than what is in their account. Every card has a customized pin which will protect their account in the event that their card is lost or stolen.


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Manage your teen's checking account together with easy access and updates from Cyprus Credit Union.

Home Banking/Mobile Banking 

View balances, purchases, account activity, and easily transfer money into your teen’s account all through your existing Home Banking account.


Monitor cash withdrawals, debit purchases, and balances with account alerts by text or email. Our free alerts send real time updates on transaction types, transaction amounts, and account balances.

Card Control App

Take charge of your credit and debit cards with our Card Control app. You now have the ability to turn your Visa cards on & off and set restrictions for your card. Set alerts that will notify you immediately for all card activity so you’re always in control. Download the free app on your phone to get started. Available in the App Store and Google Play.


teen toolArtboard 1

Despite its importance, many states do not require any sort of financial literacy class for high school students. This means that many teens are entering the ‘real world’ without a foundation of basic financial knowledge. To help combat this, we have created our ‘Teen Financial Toolkit’. Each post focuses on a new financial topic and provides tips, tricks, and financial goals that teenagers can start now.




Paying for College/Scholarships


Checking/Debit Cards

Credit Cards

Credit Score

Wants vs. Needs

Security/Protecting Identity

Setting Financial Goals


For even more financial topics for teens, click HERE to check out our blog.

College Scholarships

Every year, Cyprus offers scholarships to high school students throughout the state of Utah.  In order to qualify, students must meet the following criteria:

  • Be a Utah high school senior
  • Member of Cyprus Credit Union
  • Minimum GPA of 3.0 the last two terms
  • Plans to attend an accredited university, college, or trade school

To learn more about the eligibility requirements or to begin the application process, click HERE.


Cyprus in the Classroom

Cyprus offers in-school educational opportunities with one of our financial experts who will cover an array of financial topics including:

  • Money Management
  • Budgeting
  • Buying Your First Car
  • Credit Scores
  • Preventing Identity Theft

If you are interested in having a Cyprus representative come to your school, email RelationshipDevelopment@cypruscu.com

Home Banking

The products and services on this page are offered through LPL Financial or its affiliates by Registered Representatives of LPL Financial. These products and services are not credit union deposits, not credit union guaranteed, not insured by NCUA or any other government agency, and may lose value. Cyprus Credit Union is a separate entity and is not affiliated with LPL Financial.
Links from the Cyprus Credit Union web site to other web sites are provided solely as a convenience to visitors. If you use these links, you will leave the Cyprus Credit Union web site.

The Credit Union does not have any responsibility or control over any of these external web sites, their content or their privacy policies. We do not endorse or make any representations about third-party external web sites, including any information, products, materials or results that may be obtained from using them.

If you decide to access any of the linked third-party web sites, you do so entirely at your own risk. You are encouraged to review the privacy notice for each linked web site.
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