Opening youth deposit and spending accounts for your kids is a vital step in nurturing financial literacy and responsibility from a young age. By introducing them to saving, you not only provide a safe place to save their allowance or earnings from chores but it also teaches essential money management skills.
For kids, having their own account encourages them to deposit their money regularly and watch it grow. Plus, setting savings goals — whether for a special toy or a fun outing — teaches them the value of patience and budgeting.
We encourage you to guide your children through the process of making deposits and withdrawing cash at the Credit Union. This hands-on experience can be exciting for kids while also preparing them for financial independence as they get older.
Remember — creating good financial habits early leads to a more financially prepared generation. We work with parents to teach kids of all ages the importance of saving, budgeting, and making informed spending choices — all in hopes of helping them navigate their financial futures with confidence.
Are you ready to get them started? Visit a Member Center, or make an appointment today!