Youth Savings Account

Help up Celebration National Credit Union Youth Month!
April 1, 2018 – April 30, 2018

In April 2018, TELCOE FEDERAL CREDIT UNION is celebrating Youth Month, which is a program that helps teach and encourage kids to develop good financial habits. Every member under the age of 18 who makes a deposit during the month of April will receive an abundance of benefits.

A 2017 national survey found that almost 60% of Americans have less than $1,000 in savings, and almost 40% had none.

So, if it’s hard for adults, how do you teach your children to save? By turning it into a habit. Studies show that habits formed when you are young tend to stick. It’s why you still brush your teeth every day – we hope!

The theme this year is “The Science of Saving,” showcasing fun, sci-fi-inspired characters. Science has proven that if you start with small goals, saving your money can become a regular habit. This year’s Youth Month inspires children to begin saving the money they earn so they can attain their dreams of a happy future.

The science in the theme is not science fiction – research shows that when you picture yourself in the future achieving a goal, like buying a car or going to college, saving for it becomes easier.
Start small. Help them save for a toy they want. Then sign them up for a youth savings account where they save for far-off goals.

As your credit union, we want to help you teach your children to learn good financial habits. Together we can help them blast-off toward a bright and wondrous future.

• Free Telcoe Memberships in the Month of April with a minimum deposit of $10 & enrolled for E-statements with the parent/guardian’s email address.
• Door prize drawings in our four branch locations all month loan.
• Fun filled new account packet filled with stickers, coloring book, coin bank, and more.
• College/Vo-Tech Scholarship awarded in May 2018. Applicants can begin applying April 1, 2018.
• Certificate of Deposit- Special Rate & Terms for YOUTH Accounts Only April 1-April 30th 2018
• MONEY$ISLAND game is FREE to play
• PIGGYBOT Allowance App is FREE to DOWNLOAD

Youth Certificate Special - Good from April 1-April 30, 2018

• 1 Year -  2.50 % APY*
• 3 Year – 3.50 % APY*
• 5 Year – 5.00 % APY*

*APY= Annual Percentage Yield. YOUTH certificates are good from April 1-April 28, 2017 for Telcoe YOUTH accounts (ages 0-18 maximum). The minimum Certificate deposit is $500 and the maximum of $5,000 per youth membership.
**Waived membership fee when the new youth account is kept active by automatic deposit of at least $1 per month from family member's direct deposit or 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)
• No monthly service fee
• 2 free withdrawals per month
• Additional withdrawals are $5 per instance afterward
• $5 minimum balance
• Free online banking
• Free eStatements
• $10 minimum deposit to open
  • $5 one-time activation fee