Kids

Whenever you get money, for your birthday, holiday, or graduation, put it in your credit union savings account. When you visit the credit union, ask your parent or guardian to help you fill out the deposit slip and bring you up to the teller. You can also use the coin machine to find out how much you have saved in your piggy bank.

When you save your money at a credit union, you can earn extra money just for keeping your money there! This extra money that you earn is called interest. Interest is money the credit union pays you for letting them hold onto your money and use it to help other credit union members. For example, they might loan some to another person but when you need your money, it is always there for you.

Savings

A Kirby Kangaroo Kids Account* is a special savings account just for kids 12 years of age and younger. It features:

• A low $5 Minimum Balance
• You earn interest on every dollar
• Free Coin Redemption
• Enrollment into Kirby Kangaroo Club

*Parent or Guardian must be a joint member on this account. When you are withdrawing money your guardian must sign until you are old enough to sign on your own.

Kirby Kangaroo Club

The Kirby Kangaroo Club is a fun, educational program allowing young savers like you to learn important lessons about money. There is an interactive website where you can play lots of great games or read stories about Kirby's many adventures.

Youth Certificate

A Youth Certificate is another great way to save your money! Sperry's Youth Certificates work like our regular Certificate of Deposit for 6, 12, or 24 months, and there is a $50.00 minimum deposit making it easier for kids and teens to invest their money. A Certificate of Deposit locks your money in for a specific time and you earn more interest than keeping your money in a regular savings account.

Coverdell Education Savings Account (CESA)

The Coverdell Education Savings Account (CESA) is a great way to start saving for your education. It is a non-deductible custodial account that features tax-free withdrawals for a child under the age of 18.

You can make contributions as well as your parents, grandparents, other family members and friends. Total contributions cannot exceed $2,000 per year. The money withdrawn must be used for qualified educational purposes. The funds must be used by the time you reach the age of 30. If funds are not used for you they may be rolled over for another child in your family.