Developing consistent saving habits at an early age can have a significant impact on the financial futures of our youth. Making good financial choices early on in life can help individuals develop a comfortable relationship with – and automatic responses to – common banking decisions. We have programs to get young people started at any age.
It’s never too early to help your child or grandchild start building savings. Your child will be the primary owner of their own savings account and will get practice making deposits and withdrawals. A deposit of at least $5.00 must be made each quarter.
Our Bright Stars Account is available for children between the ages of 3 and 10. Your child will be the primary owner of their own savings account and will get practice making deposits and withdrawals. We recommend that caregivers start reviewing the account statement with their children each quarter to start deepening their understanding of money management. A deposit of at least $5.00 must be made each quarter.
Members under 18 are eligible to open a Certificate of Deposit and earn extra interest based on their age. Earn an additional .01% APY* for each birthday they have reached, with a maximum addition of .17% APY**. There is a minimum opening balance of $250.00.
*APY = Annual Percentage Yield
**An early withdrawal penalty may be assessed for early maturity based on the term.