Teach your child how to save more and earn more with a Youth Savings Account. Money from allowances, birthdays, or lemonade stands shouldn’t sit idle in your kid’s piggy bank. A Youth Savings Account is a great way to teach your children the basics of saving and the power of compound interest.
- Create a lifetime savings habit
- Higher than average dividends
- Ability to save up and purchase Kidicates
Equip your kids with financial savviness.
There are two reasons your child should start saving as early as they can:
The longer the money stays in the account, the more it will grow.
The head start your child gets will add up in a big way over time. We encourage you to open an account for your child and maybe even make some contributions to match theirs.
Healthy habits formed now can last a lifetime.
As they put aside some of their money each month or year, they’ll form an important habit. With a savings account, they can practice budgeting or saving for a specific goal.
How it works.
Youth 17 and under can get a share membership (savings account) as long as a parent or guardian is also on the account.
Benefits include:
- Free coin machine access
- Higher than average dividends
- The ability to save up and purchase Kidicates (share certificates for children)
Note: $5 minimum savings balance required.
