Young Savers

Peewee Penguin Accounts:
Our PeeWee Penguin Savings is for our young savers ages 12 and under and is designed to help young children learn to save. The minimum balance for this account is $25.00 and no fees are charged to the account. When a PeeWee account is opened, each child will receive a PeeWee Penguin Passbook, a card from PeeWee on their Birthday, and can attend our Annual PeeWee Penguin Picnic.

Young Savers Wealthbuilder Account:
Our Young Savers Wealthbuilder account is designed to teach children (ages 0-17) to learn how to save. The required minimum balance to open this account is $100.00. The account requires that a minimum of $2.00 per month be deposited either by automatic transfer from an adult’s account or by payroll deduction (additional deposits can be made at any time). Funds are required to stay in the account for a minimum of 36 months. Early withdrawal penalty is the difference between the dividends earned in the Regular shares and the dividends earned in the Wealthbuilder account. Higher interest may be earned on this account. See a Member Services Representative for rates.

Young Savers Certificates:
Our Young Savers Certificates, for youth ages 0-17, are a fixed rate deposit account. The funds are locked in for a specific term and generally pay a higher rate than the regular savings. A $500.00 minimum deposit is required to open the certificate. See a Member Services Representative for rates and terms.

     

This credit union is federally insured by the National Credit Union Administration.
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