Teens

Ask your parents to teach you how to make a deposit and withdrawal. Fill out the transaction slip with them. When they use the computer at home to do their banking, look on with them. If they need to transfer money from their saving to their checking, ask if you can do it with them. The best way to learn a skill is through experience.

Savings

CU Succeed Savings Account for ages 13 - 17

• Low $5 Minimum Balance
• Earn interest on every dollar
• Free Coin Redemption
• Enrollment into CU Succeed Teen Club

Checking

CU Succeed Checking Account for ages 16 & 17

• No minimum balance
• First 50 checks free
• Free Visa ®Check Card with uChoose Reward® Points
• Free eStatements
• PC-24 Online Banking and Bill Payment

Visa® Check Card

Sperry's Visa® Check Card is a safe, convenient way to make purchases and keep track of your spending. *For our CU Succeed Teen Account we have placed daily limits on the card. Maximum dollar amount for ATM withdrawals per day is $100⁽¹⁾, maximum dollar amount for point of sale transactions is $100 per day⁽²⁾, and maximum dollar amount for "credit" transaction is $100 total $100 per day⁽³⁾.

Be sure to check out our helpful instructions on how to use a check card.

* Parent or Guardian may be a joint member on this account.
(1) 5 max ATM withdrawals daily
(2) 5 max point of sale transaction daily
(3) 20 max purchases daily

CU Succeed Club

Our CU Succeed Teen Club features an informative and entertaining quarterly newsletter, educational events just for teens, and a super-cool interactive website to help teens like you learn about money and credit.

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 savings 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 The money withdrawn must be used for qualified educational purposes.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.