Youth Accounts-Learn Smart Money Skills Early
The path to financial well-being starts at a young age. Help empower your family today by opening a youth account.
April is YOUTH month
Every year we highlight our YOUTH services that can help every family be ready for whatever the future holds. It’s a great way to give kids a solid foundation in how to handle money: encouraging savings and responsible spending.
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YOUTH SAVINGS ACCOUNT
- Special savings for young savers up to age 18
- Teaches kids the importance of saving money from an early age
- Competitive dividends on entire balance (paid quarterly)
- 2 free withdrawals per month
- $10 minimum deposit to open
- No monthly fee with a deposit at least once a year
- Youth Account Brochure
STUDENT
CHECKING ACCOUNT
This account ACES the test! Start your student on the right financial foot with our Student Checking - your 4.0 GPA solution to teaching your child good financial habits early on. Opening this account should be at the top of your Freshman year to-do list!
- 13-18 year old students
- Parent/Guardian must agree to be joint owner on the account and overdraft share transfer setup to their existing membership.
- No minimum balance
- No electronic deposit requirement
- Free eStatements
- $25 minimum deposit to open
- Low daily card limits set to help teach usage
18th Birthday Celebration
The account will automatically be upgraded to a Basically
Awesome Checking and subject to its disclosures and fee schedule. If the student is still in school,
please contact us to explore other options.
CREDIT BUILDING LOANS
Once 18 years of age, Telcoe Federal Credit Union can help your young adult establish a credit score, credit history and do so in a responsible way.
We offer a CREDIT BUILDER LOAN that can be repaid each month by the student or the parent. The positive pay history is reported every 30 days to Trans Union credit bureau.
- Small loans of $500-$1000
- Automated Payments
- Low Interest Rate
- CREDIT BUILDER VIDEO
We also offer a SECURED MASTERCARD that is a great way to build positive spending and repayment habits. Talk with a Loan Specialist today. We are happy to answer your questions and help build a plan that is individualized for your student.
- No Annual Fee
- Low Interest Rate
- Automated Payment Options
- Fraud Alert Options Available
YOUTH SPECIALS OFFERS
YOUTH SAVINGS ACCOUNTS-Open an account for your child or grandchild at Telcoe in the month of April and receive an account opening coloring page, stickers, etc.
TELCOE SCHOLARSHIPS
Open to high school seniors who plan to attend a university, college, or technical college/school. Funds can be used for any field of study.
To apply for the Telcoe scholarship the high school student must be a member. To join click below or call our office. Deadline to submit a scholarship application is April 30th. An announcement of awarded scholarships will be before the end of June.
COLORING CONTEST- Your young saver can participate in our coloring contest for chance to
win a $20 savings account deposit. You can take a photo of your child's drawing and email to
Amanda in our office or return to one of our branches before __April 30th 2025 ___.
SHARE CERTIFICATES of DEPOSIT
Enjoy security and a bold savings strategy in one. Lock in your rate — higher than regular savings — then sit back and watch your dividends compound.
1 year 4.60% APY
2 year 4.00% APY
*APY =ANNUAL PERCENTAGE YIELD, APR=ANNUAL PERCENTAGE RATE $500 minimum deposit-$5,000 maximum deposit per youth membership. E-statement election is required for rate quoted. CD offer is only good during the month of APRIL in a Telcoe YOUTH account.
FINANCIAL LITERACY TOOLS
devoted to our YOUTH members and their families.
5 Ways to Demystify Finance for Your Kids
Should You Open A Youth Account?
*APY=annual percentage yield. Rates quoted as of 4-1-2025. Rates subject to change at anytime.