Youth Accounts
What better way to teach a child how to save their money than to have them manage an account of their own? This basic savings account is for children up to 18 years of age whose parents are eligible to join Tallahassee~Leon Federal Credit Union.
Plus, TLFCU now offers 3 types of youth accounts that provide products that grow with them!
Ages | Infant – 5 years old |
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Account Perks | Higher deposit rates than on standard share accounts |
Birthday Cards in the month of their birthday | |
Periodic special offers sent to parents | |
Available products | Share savings accounts, Share certificate accounts, and gift cards |
Ages | 6 – 12 years old |
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Account Perks | Higher deposit rates than on standard share accounts |
Interactive financial literacy games in our branch locations | |
Give-a-ways at special events | |
Quarterly fun events centered around the tree in our main office lobby that changes leaves with the seasons | |
Available products | Share savings accounts, share certificate accounts, age appropriate deposit slips and forms, and gift cards |
Ages | 13 – 18 years old |
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Account Perks | Higher deposit rates than on standard share accounts |
Free financial literacy information | |
Discounted enrollment in our "Mini-Billionaire Academy" MBA JR. Summer Sleep Away camp | |
College Scholarships | |
Available products | Share savings accounts, share certificate accounts, checking accounts*, secured visa cards**, online and mobile banking, gift cards |
Some important points to keep in mind:
- Funds can be transferred to other accounts
- Dividends are paid monthly based on the average daily balance
- Account is automatically converted to a regular share account when the Member turns 18
- To open a youth account the child must have a social security number
- Minimum opening balance is $25.00
For fun activities you can do to teach your "seedling" about money, take a look at these great sites:
- My Credit Union Youth Page
Interactive Games and Information for Small Children