Youth Savings Accounts
A youth savings account can help teach the importance of saving money earned from chores, babysitting, or even mowing the lawn. Why wait until you’re older when you can start saving today for that first car, college, or the latest video game. It’s all about taking the right steps to achieve financial independence.
These accounts do not require a parent to be on the account with a minor. And check out these other great benefits:
- No minimum balance.
- Can be transferred (when applicable) seamlessly to other accounts, like checking.
- Automatic transfer when your child reaches 21, or 18 if their guardian allows.
Interested in teaching your child greater financial responsibility? Consider sitting down with one of our financial counselors to go over how to manage money appropriately. Or consider enrolling your child in a young adult checking account and get them started early on learning how to spend, save, and balance their finances for the future.
Fun Zones Accounts
From birth to 9 years of age, we can help you teach your little ones about saving. Each savings deposit earns a fun buck. Collect $5.00 in fun bucks and your child can buy a toy.