Just like a cool treat on a sunny day, building your child's savings is a rewarding experience! At Energy One Federal Credit Union, our Kids Savings Accounts help you teach valuable money lessons while securing their future. Open an account today and watch their savings grow!
Energy One is also here to serve the families of our members. The children and grandchildren of current members are eligible for membership. Members under the age of 15 belong to the Kid’s Cash Club. Their accounts may be opened with as little as $5, and they earn dividends on balances of at least $25. They receive a birthday card and a special gift every year!
Also, for every deposit of at least $5 into their account, they are automatically entered into quarterly cash drawings! This youth savings account shows kids the importance of managing money and makes them feel good about having something of their own!
Ages 14 and younger
Energy One values our relationship with our young adult members, and we enjoy helping them build a strong financial base. Members aged 15 to 17 may open a checking account with their parent or guardian’s permission. The parent or guardian must be a signer on the account until the member is 18, so this is the perfect time to teach teens how to use a checking account properly. This youth savings account can be used to the age of 25 as long as the member is a student, and can include an ATM or debit card, upon application and approval.
For students aged 15 to 24
Banzai is an innovative financial literacy program designed to teach people what real-world finance is really like. This is a great way to introduce children and young adults to the basics of finance, with courses that include:• Teaching Kids Finances
• Budgeting: Quality vs. Cost
• Saving for College
• Are You Cyber Safe?
• The 50/30/20 Rule for Teens
• Interest
• Income Tax
• Opening Your First AccountBanzai courses are designed to help you simplify even some of the most complex financial problems. Ready to take control of your money? Let’s get started.
