Flex Savings

Ready. Set. Goal.

Get ahead of the game with a Flex Savings Account. Designed for teens ages 13-17 who want to save a little (or a lot) and watch it grow.

Flex Savings 101

Whether you’re tucking away your holiday cash, helping around the house to earn more allowance, or working your way toward college tuition, a Flex Savings account will keep your goal-money secure and earn you dividends (extra earnings for your hard-won savings.) All you need is $5 and a guardian’s signature, then you’re free to save away.

By choosing to save with us, you’ll become a member of our credit union and part of a community with bigger goals at heart. We’re a not-for-profit organization, so your membership helps support people in our local community and helps us do more good in the world.

And speaking of good things, once you’re in the habit of saving, responsible spending is another healthy routine to practice. With your Flex Savings account up and running, you’ll qualify to open a Flex Checking account too. Keep your spending cash separate from your savings, and always keep it in your pocket for whatever, whenever — in the form of a colorful debit card design chosen by you.

Flex Savings Account Rates

Type Dividend Rate APY* Balances Dividends Compounded Dividends Credited
Flex Savings Account
Dividend Rate:
$25 Minimum Balance to Earn Stated APY
Dividends Compounded:
Dividends Credited:

*APY = Annual Percentage Yield. APY is accurate as of the last dividend declaration date.

Our online financial services are not designed for or directed toward children. We do not knowingly solicit or collect data from children and we do not knowingly market to children online. We recognize that protecting children’s identities and online privacy is important and that responsibility rests with us and with parents.

Penalties will/may be imposed for early withdrawal on time accounts. Fees may reduce earnings on the account. Rate may change after account opening. Rate is accurate as of July 15, 2022.

Click the button below to see our Rate and Fee Disclosure.

Flex Savings Account Benefits

Always in your pocket

On the couch or on the go, keep your money close with our Mobile App and Online Banking.

Where you go, we go

Credit Unions around the world work together to make sure our members can use branches and ATMs everywhere — surcharge-free. Nice, right? Download our CO-OP app and plot your next getaway.

Save more earn more

Money still doesn’t grow on trees, but Fortera savings accounts do collect dividends quarterly. (Dividends are extra earnings for all your hard-won savings.)

Goal setting made simple

Our skilled experts are easy to reach and happy to help. For members and non-members alike, meetings and consultations are always free, so make the most of your money, on us.

Rest easy

With us, your money is always protected and insured by the National Credit Union Administration. You’re covered on all deposits up to $250,000, so save away.

Access your cash

Enjoy limitless (yep) cash withdrawals from any branch. Nothing like the smell of your own hard-saved green.

Statements that save

....Trees, space, and worry. Always enjoy access to 18 months worth of e-statements. Keep more trees, toss your file cabinet, and know your info is always safe and sound.

Get by with a little help

Or even a lot. Either way, we’re here. Call, text, or chat with our experts anytime you need a friend who knows all things Fortera.

Let's do this!

Save up for whatever you’re into when you open your Flex Savings account today.

Need a hand?

Tag us in. Whether you are on your couch or halfway around the world, use Fortera Video Chat to get quick answers from a friendly face.

Who is eligible to open a Flex Savings Account?


To open a Flex Savings Account, you must meet the following eligibility requirements: (1) You must be between 13 - 17 years of age (2) You must live, work, worship, or attend school in one of our service regions; join an affiliated partner, or have an immediate family member who is a Fortera member. Our service regions include Montgomery, Stewart, Chester, Decatur, Lewis, McNairy, and Perry counties in Tennessee or Christian, Trigg, Todd, McLean, and Webster counties in Kentucky. Residents of other counties in Tennessee, Kentucky, Alabama, and Arkansas may also be eligible.

What are dividends and how do they work for the Flex Savings Account?


Dividends are extra money that your account earns just by being open and meeting our minimum account dividend earning value. The Flex Savings Account earns dividends quarterly as long as your account has at least $25 deposited in it. It is just another way we like to say thank you to our members for trusting us with your hard-earned "dough". To learn more about what the current dividend rate is and our other savings accounts that earn dividends, please see our Rate and Fee Disclosure.

Yes, teens opening a Flex Savings Account will have to select a legal guardian to be a joint member of their account.

What happens to my Flex Savings Account when I turn 18?


When you turn 18, your Flex Savings Account automatically becomes a Share Saving Account. This is our standard adult savings account that establishes you as a member of Fortera Credit Union. To learn more about this account, visit our Share Savings Account product page.

Can I set up automatic transfers to a Flex Savings account?


Yes! We make depositing in this account easy. Simply let one of our team members know that you would like to do this when you open your Flex Savings Account or do it yourself in our Online Banking Portal.

What documents do I need to open a Flex Savings account?


To verify your identity, we always ask that you come prepared with a government issued ID. It is important that it is not expired. Examples of acceptable IDs include a State Driver's License or a U.S or Foreign Passport. If we have trouble validating your ID, we may ask for a secondary ID. For children, we have a variety of other documents we can use to verify identities. These include social security cards, birth certificates, medicaid cards, and insurance cards. If you have a question about whether or not an ID can be used, just text us at 931.431.6800.

Can I open a Flex Savings account online or do I need to open it at a branch location?


You can open this account online or in-person. The choice is yours.

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What's New

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Fine print is your friend. When you have a minute, give these a good read:
Rates and Fees
View PDF