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College Savings Account

Let’s face it, college is expensive, but it’s also one of the biggest investments you’ll make for your children’s future. HVCU College Savings Account1 helps members under 18 start saving now so they can achieve their goals later.

  • HVFCU Membership Plus Block 2
    Earn credit bonuses to your account when you hit your annual savings goals (see below)1.
  • My Credit Union Plus Block 2
    Your accounts are insured by the National Credit Union Share Insurance Fund to at least $250,000. Visit to learn more about your Share Insurance Coverage and to access resources including a Share Insurance estimator tool, publications, videos, and more.

Get Started

Members age 13 and older may open an account online.

Open an Account Online

What to Expect

Earn Annual Bonuses

To earn annual bonuses, you must:

  • Open the account before your child turns 17
  • Make at least 10 monthly deposits and
  • Increase the savings balance by $100 each anniversary year1

Bonus Structure

Age Bonus Per Year
1-5 $25
6-10 $50
11-15 $75
16-18 $100

College Savings Account Rate

Dividend Rate
Minimum to open

View all rates and disclosures


Direct deposit via ACH (Automated Clearing House) is today’s safest, fastest, most convenient way to deposit your paycheck, Social Security, or other recurring payment.

Set up ACH direct deposit

Useful Resources

Get free student loan coaching from BALANCE. Counselors will give you a one-on-one session and discuss your financing options.

Student Loan Coaching

1  APY=Annual Percentage Yield. The APY is 0.02%, effective as of 12/15/22, and is subject to change without notice. The minimum balance to open a College Savings is $5.00. Parent or guardian must be joint. Minor must also have a Primary Savings account with a $0.01 minimum balance. Fees may reduce earnings. The bonus will be credited to the College Savings account annually, at month end, on the anniversary date of account opening in accordance with the Eligibility Requirements described in our Truth in Savings and Account Agreement. May be subject to IRS reporting.