CAPITOLA, Calif. – Bay Federal Credit Union has been selected as one of the top 10 “Best Banks and Credit Unions for Young Adults” by GOBankingRates. GOBankingRates said it chose Bay Federal based on criteria that included products, fees, account minimum requirements, and access to personal finance education and tools.
Bay Federal reported it offers savings and checking accounts for teens 11-17 and young adults 18-22. The accounts have no minimum balance requirements or monthly service charges, and they come with access to mobile and online banking, budgeting tools, and mobile wallet.
The credit union also noted it partners with area schools and regularly offers free financial education classes that are open to the public. Bay Federal’s next class is “Credit Building for Teens and Young Adults” at its Capitola Branch.