Financial Literacy

Financial Literacy helps develop financial knowledge, skills, and habits that are an important stepping stone on young people’s path to adult financial well-being.

 
 

Keep Your Child’s Money Safe – And Growing – With A Savings Account

Once your child’s savings outgrow a piggy bank, the next thing you’ll want to do is find a way to keep that money safe, accessible – and growing.

Three great ways to do that are regular savings accounts, money market deposit accounts, and certificates of deposit - Safe Savingor CDs - at your federally insured financial institution. Each of these accounts offers you a way to save money, and earn interest to help that money grow over time - and, at your insured institution, that money and any accrued interest are protected for up to $250,000. 

A regular savings account lets you safely store money and earn interest at a fixed rate, but you can only make a limited number of transfers or withdrawals each month without being charged a fee.

Money market deposit accounts are somewhat like a basic savings account, and while they may require a higher balance, they also tend to pay higher interest rates than a regular savings account.

CDs tend to earn the most interest. However, to get those higher rates, you commit to leaving that money untouched over a period of time, usually a few months to several years. Any early withdrawal could result in a financial penalty.

Before opening an account for your child’s money, be sure to ask about any minimum balances or withdrawal limits that could result in fees.

These interest-earning accounts are an excellent way for kids to learn about saving money and watching it grow, and we’ll be glad to help you get one opened.

 

 

Students Need To Watch For Possible Scholarship, Job Scams

Student Scams 3It seems like nobody is safe from scammers – and that includes high school and college students who become targets of schemes that involve scholarships and jobs. Click here to learn more.

 

Take Some Time To Teach Young Kids The Basics Of Money

 You talk to them in simple terms and work with examples that can make sense to them. Click here to read more.

Teaching Kids

 

College is Expensive

College Is Expensive. Start Thinking About Money For School Now

If you’re a high school student just starting to research college costs, you’ll find they range from “Yikes!” to “OMG!” Click here to read more.

 

Help Protect Your Kids Against Identity Theft

It seems like no one is safe from identity theft, and that includes kids. Click here to read more.

Kids Vs ID Theft

 

Checking Accounts for Teens

Help Teens Keep Track Of Money

As a teenager, it’s probably time to open a checking account once you have more than a few dollars to keep track of. Click here to read more.

 

Teach Your Kids The Importance Of Saving Money

It’s never too early to start teaching your kids the importance of saving money. Click here to read more.

Teach Children to Save 1

 

Teen Checking Account

Teen Accounts

 

It’s never too early to learn about ways to protect and keep track of your money. Click here to read more.

 

529 College Savings Plans

If you are looking for a wise investment for your family’s future, saving for college is a smart place to start. Click here to read more.

529  Plans

 

 

 

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