At MMCCU, we believe that financial education starts at a young age. That’s why we’re proud to offer the Kids Rewards Club , a youth savings account designed to help young members learn the value of saving. And starting November 1, we’re making this program even better! Based on valuable feedback from our members, we are increasing the earning threshold on the Kids Reward Club from $2,500 to $5,000, meaning deposits up to $5,000 will now earn the high yield, helping your child’s savings grow faster. (Learn more about accounts for kids, including the Greenlight Debit Card, here!)
What is the Kids Reward Club?
The Kids Reward Club is designed to introduce children to good money habits while making saving fun. This youth savings account is open to anyone under the age of 18, and it’s a perfect way to start teaching kids about financial responsibility. Here’s how it works:
- Free Piggy Bank: To kickstart their saving journey, each child will receive a free piggy bank upon signing up.
- Punch Card Rewards: Kids can collect prizes through their punch card. They earn punches not only for making deposits but also for visiting the credit union.
- Special Prizes Throughout the Year: There are more ways to celebrate! Throughout the year, we’ll offer additional prize opportunities, including special surprises during the child’s birthday month and International Credit Union Week.
Increased Earning Potential
With the increased earning threshold, deposits up to $5,000 will now earn the high yield. This change offers even more incentive for young savers to deposit their hard-earned money and watch it grow over time. It’s a great opportunity for parents and guardians to talk to their kids about the importance of saving and introduce them to the concept of earning interest.
By raising the earning limit, MMCCU is committed to helping young members build their savings more effectively, setting them on the path to a strong financial future.
Encouraging Financial Literacy
The Kids Reward Club isn’t just about saving money; it’s about empowering young people with the skills they need to manage their finances responsibly. Whether they’re saving up for a new toy, a bike, or putting away money for future goals, we want to make sure kids learn how rewarding saving can be.
And the best part? It’s a program designed for fun! With regular visits to MMCCU and rewards for deposits, kids will enjoy the interactive and engaging approach to saving, all while building habits that will last a lifetime.
Join the Kids Reward Club Today!
Encouraging children to save from a young age helps build a strong financial foundation. At MMCCU, we’re here to support that journey with the Kids Reward Club. Parents and guardians are invited to bring their young savers into the credit union to open an account and start earning rewards today.
Visit MMCCU or contact our friendly team to learn more about the Kids Reward Club and how your child can begin saving and earning big! Don’t forget – starting November 1, deposits up to $5,000 will earn the high yield, making it an exciting time to join!