Youth Savings Account
Your child was just born yesterday? Great! She’s old enough to start saving!
Help young people up to age 17 engage in the fun of saving and reward them for filling up their piggy bank—and all the while, they’ll earn interest on any deposit. A parent, aunt, uncle, grandparent or friend can open a youth savings account, even for a baby, and help save for their future.
A youth savings account operates just like our regular savings account:
- Open the account with a one-time, $5 membership deposit, which is required to purchase a share of membership in the credit union
- Deposits and withdrawals can be made in any amount
- Account interest is compounded and paid quarterly
- Through this account, you establish membership at Extra Credit Union with access to all our services
Plus, members under 11 get a special gift package, which includes a:
- Savings passbook
- Punch card
- Savings box
- Tote bag