Saginaw Medical Federal Credit Union is offering 3.04% APY on its youth savings account to savers in Michigan.
The credit union has another eligibility criterion – you can get this rate on a Young Savers Account if you are 21 years or below. Also, you should be a member of the credit union. There are no minimum deposit requirements. However, balances equal to or exceeding $25,000 will qualify only for 0.25% APY.