IMAGE: Six stacks of coins, left to right topped with two wedding rings, piggy bank, airplane, home, shopping cart, graduation cap.

Kids & Teens

Accounts for Kids and Teens

It’s never too early to start saving! Teach kids important money management lessons. Set them up for a lifetime of good money habits with an account at Texell. Dollar Squad and thr!ve Teen Accounts make saving fun, allowing members to earn exciting prizes along the way.


IMAGE: Dollar Squad LogoDollar Squad Accounts

When the threat of frivolous spending is real, this elite group of heroes will rise up and teach kids the value of a dollar! Youths, ages 12 and under, can join Texell’s Dollar Squad heroes with an account of their own.


Dollar Squad accounts offer a variety of benefits:

  • Membership fee is waived.
  • With every deposit, kids earn Squad Dollars to purchase fun prizes. Prizes are better than ever, with items shipped directly to your doorstep. Check it out now! 
  • Quarterly newsletters that include fun games and helpful information about saving money.
  • Squad Kids receive birthday greetings from the Dollar Squad.
  • Play the Dollar Squad Mobile Game.
  • Coloring and activity books are available to Squad members.
  • Check your balance and recent transactions through the app (optional)




Meet the Squad Kids:


IMAGE: Dollar Squad character Cash, everyone's good natured friend who knows how to save money. IMAGE: Dollar Squad character Spendy, known spending more than she saves. IMAGE: Dollar Squad Mooch, known for always bumming money off his friends. IMAGE: Dollar Squad Savvy, known for being very smart with her money.

Cash

Everybody wants to spend time with this guy. But act responsibly or he'll be gone before you know it.

Spendy

Trying to keep up with the Jones' is more than she bargained for. Spendy is always left wanting something more.

Mooch

Bring extra paper and pencils, because Mooch is never prepared.

Savvy

Savvy knows all there is to practical spending habits. The little fashionista is always making sense.
IMAGE: Dollar Squad character Earnie, who loves to work to earn money. IMAGE: Dollar Squad Charity, who thinks of others' needs first. IMAGE: Dollar Squad character Charger, who will get himself into trouble if he can't keep up with credit card use.

earnie

Time is money, and Earnie is making the most with his time every day.

charity

A true giver, Charity is the answer to any lost cause.

charger

Meet the kid your Credit Union warned you about. Be responsible with your money and you won't fall victim to Charger's false promises.


Today's Dollar Squad Account Rates:

Prospective Annual Percentage Yield Minimum to Open Minimum Daily Balance to Earn Dividends¹ Minimum to Avoid Service Charge²

0.25%

$5 (Texell will waive the $5 membership fee)

$5

$0

Rates effective 9/27/2022

The Dollar Squad Mobile Game

Join the elite ranks of the Squad Kids as they face unique challenges and thrilling adventures in the Dollar Squad Mobile Game! Kids have fun while learning some valuable lessons on savings and money management!


Download the Dollar Squad Mobile Game Today!

IMAGE: download on the app store badge    IMAGE: get it on google play badge














To access the Dollar Squad Store and have prizes shipped directly to you:
  1. Make sure you have a Dollar Squad Savings Account. 
  2. Enter your Dollar Squad Store username. Usernames follow this pattern:
    1. FirstName.LastName.YearofBirth
    2. Example: Jane.Smith.2019.
  3. Click “Forgot Password” and follow the instructions to reset password.
  4. Once you set up your account, you can begin shopping for prizes!

IMAGE: Dollar Squad kid Mooch, breakdancing.Ready to Redeem Your Squad Dollars?

Shop for prizes online!

IMAGE: Thrive account logoThr!ve Teen Accounts

Thr!ve Teen Accounts are designed exclusively for ages 13–17. Not only do these accounts help develop the skills required to become financially independent, but they also offer excellent benefits and rewards along the way.³

Thr!ve Accounts are good for parents:
  • Membership fee is waived
  • No minimum balance requirement
  • No monthly fees
  • Only $5 to open
  • Ability to track activity as a cosigner on the account
  • Incredible interest rates on balances up to $500 and competitive interest rates on balances above $500
Thr!ve Accounts are great for teens:
  • Free Mobile Banking with Texell’s Mobile App
  • Free Mobile Deposit
  • Free online account access via e-Branch Home Banking
  • $10 Starbucks gift card as a thank you for opening your account
  • Access to over 92,000 free ATMs worldwide
  • Gifts³ for account anniversaries
  • Incredible interest rates on balances up to $500 and competitive interest rates on balances above $500

Today’s thr!ve Account Rates:

Prospective Annual Percentage Yield

Minimum to Open

Minimum Daily Balance to Earn Dividends¹

Minimum to Avoid Service Charge²

0.25%

$5 (Texell will waive the $5 membership fee)

$5

$0


1 You must maintain the disclosed minimum daily balance in your account to obtain the disclosed Annual Percentage Yield. You will not earn dividends on any day your account balance is below the required minimum daily balance. Rates effective 9/27/2022

² You must maintain the disclosed minimum daily balance in your account to avoid a service charge. If during any month your account balance is below the required minimum, your account will be subject to a Below Minimum Balance Service Charge for that month as set forth in the Fee Schedule.

³ Gifts with qualifying account activity.


Frequently Asked Questions:

Dollar Squad and Thr!ve Accounts are only $5 to open. Texell will pay for the initial $5 membership fee for Dollar Squad Accounts.

Yes! You can transfer or add funds to the account at any time through Digital Banking or at any branch. You also have access to track account activity via e-Branch Home Banking and the Mobile App.

Your child does not need to be present to open a Dollar Squad Account. Your teen must be present when opening a Thr!ve Account.

To open a Dollar Squad Account, you will need the Social Security Number and date of birth — no physical documents are required. To open a Thr!ve Account, you will need one form of identification (e.g., birth certificate, Social Security card, school or state ID, or Passport).

Visit this site for access to your online account. If you have not logged in before:

  1. Make sure you have a Texell Dollar Squad Savings Account.
  2. Enter your Dollar Squad Store username. Usernames follow this pattern: FirstName.LastName.YearofBirth — Example: Jane.Smith.2019.
  3. Click “Forgot Password” and follow the instructions to set your Store password.
  4. Once you set up your account, you can begin shopping for prizes!

The child is the primary owner of the account. The custodian is the joint owner of the account. When the Thr!ve member reaches their 18th birthday, the account will convert to a regular savings and checking account.