Page Header

Checking & Savings Accounts

Youth Programs & Accounts

The Centsables Savings Program

The Centsables Savings Program is for our members 12 years old and younger.* Becoming financially responsible isn’t only about saving money; it’s about learning and being financially literate too! So, we offer a program that does both:

  • No monthly maintenance fees or minimum balance fees
  • Earn up to 2.1% APY** on the first $1,000¹
  • Free online account access, so our youth members can watch their savings grow!

  • Quarterly newsletter
  • Centsables toys and giveaways for members
  • Quarterly contests and promotional activities (with cash prizes)!
  • Blog access with fun, informative financial tips
  • Dedicated, sponsored Centsables website for youth members to watch The Centsables episodes, read comics, and play games on, all while brushing up on their financial education!
  • CommonWealth One volunteer opportunities

*Parent/legal guardian required as joint owner (some school-sponsored programs exempt, please contact us for details). Alexandria City Public School students are asked to provide one form of identification to open an account. All other students require 2 forms of identification.


StudentOne Club Accounts

Our StudentOne Club is for members 13–17 years old.* This isn’t just an account though; it’s a path to smart money management and responsible financial choices!

StudentOne Savings Account

  • No monthly maintenance or minimum balance fees
  • Earn up to 2.1% APY** on the first $1,000 saved¹
  • 24/7 Online Banking

StudentOne Free Checking Account (15–17 years old)

  • No monthly maintenance or minimum balance fees
  • 24/7 Mobile, Text, and Online Banking
  • Visa® Debit Card with secure chip technology
  • Over 55,000 no-fee Allpoint ATMs nationwide
  • Two overdraft fees waived per year2
  • Visa® Secured Credit Card option to help build credit, while learning to use a credit card responsibly

  • Quarterly E-newsletter
  • Quarterly contests (most feature cash prizes)
  • Blog access with fun, informative financial tips
  • Access to our In the Know and It’s a Money Thing video libraries and sponsored webpages
  • Volunteer opportunities (including options to fulfill community service hours)

*Parent/legal guardian required as joint owner (some school-sponsored programs exempt for StudentOne Savings, please contact us for details).**APY=Annual Percentage Yield. ¹Standard Annual Percentage Yield applies to any account balance over $1,000. 2Maximum two overdraft fees waived per calendar year, up to $60, based on management approval. Alexandria City Public School, and James Madison University students are asked to provide one form of identification to open an account. All other students require 2 forms of identification.


NextOne Accounts

NextOne is for members 18–22 years old.* Whether heading back to class or starting a new job, whatever is NEXT, we are here for you!

NextOne Savings Account

  • No monthly maintenance or minimum balance fees
  • Earn up to 2.1% APY** on the first $1,000 saved1
  • 24/7 Online Banking

NextOne Free Checking Account

  • No monthly maintenance or minimum balance fees
  • 24/7 Mobile, Text, and Online Banking
  • Visa® Debit Card with secure chip technology
  • Over 55,000 no-fee Allpoint ATMs nationwide
  • Two overdraft fees waived per year2
  • Ask about discounted loan rates and our Visa® Secured Credit-Builder Card3

  • Send money to anyone, anywhere with Popmoney
  • Free external transfers to and from other bank accounts
  • Quarterly E-newsletter
  • Quarterly contests (most feature cash prizes)
  • Blog access with fun, informative financial tips
  • Access to our In the Know and It’s a Money Thing video libraries and sponsored webpages
  • Student Internship Program (an opportunity to represent the credit union and interact with students, families and the community)

*NextOne members will be transitioned to regular Share and Free Checking Accounts at age 23. **APY=Annual Percentage Yield. ¹Standard Annual Percentage Yield applies to any account balances over $1,000. 2Maximum two overdraft fees waived per calendar year, up to $60, based on management approval. 3Subject to account qualification. Alexandria City Public School, and James Madison University students are asked to provide one form of identification to open an account. All other students require 2 forms of identification.


Children’s Online Privacy Protection Act

CommonWealth One Federal Credit Union recognizes its responsibility to protect the privacy of our youngest members. We are committed to protecting our young members and other visitors as they visit our kids section of our website.

It is the intent of CommonWealth One Federal Credit Union to comply with the Children’s Online Privacy Protection Act (COPPA) that governs and protects the privacy of our youngest members. For purposes of these guidelines, our youngest members are children under the age of 13. The online financial services offered through the CommonWealth One’s website are not designated for or directed toward children under age 13. Parents of individuals within this age group could register for online accounts.

We do not knowingly solicit or collect data from children, and we do not knowingly market to children online without express parental consent or notification. If we receive online information from anyone that we know to be a child including personal information such as name, address, email, account number, telephone, and social security number, we will only use the information to respond directly to a child’s request, seek parental consent, or provide parental notice. We will not sell, give, or share their personal information to/with any third party vendor or any other organization.

A parent or guardian has the right to review the personal information collected on a child under 13 years old. If requested, the parent or guardian can have the information deleted and refuse to allow any further collection or use of the child’s information. To make such requests, please contact us at (703) 823-5211.

CommonWealth One Federal Credit Union may collect information on domain names, dates and times of visits, and number of page views. This information contains no personal information. It will only be used to keep track of usage of our site and help improve our member’s overall website experience. Visitor information is never sold, given, or discussed with third parties.

CommonWealth One Federal Credit Union is committed to protecting our youngest members and will comply with all COPPA notice requirements. For more information about the Children’s Online Privacy Protection Act (COPPA), visit the FTC web site, www.ftc.gov.