Now available - we have a new savings account to help young members save for the long-term. Our Spark Youth Savings Account promotes savings and asset building for lifelong development.
Your child will learn to save and will be able to withdraw the funds when he/she turns 18 years old. Our Spark Savings Account is designed for a child to build assets over time through contributions from themselves, family, friends and even the Credit Union. This account also earns dividends:
Plus, Excite will make special deposits into the account:
Initial Deposit of $50
Annual matching deposit of $25**
Bonus every 5 years
Milestone bonus at age 18
*APY=Annual Percentage Yield, rates subject to change without notice. 5% APY/4.89% Dividend Rate on balances of $0.01-$2500, .50% APY/50% Dividend Rate on balances of $2500+. Parent, guardian or other responsible individual signer required on account; $25 deposit required annually; requires eStatement. If account is closed early or any withdrawals made, member will not receive incentives or extra contributions made by the credit union.
** If a $25 deposit is made by the guardian, parent or child in that year.
Open a Spark Account - Select Youth Account and you will see Spark Savings in the drop down.
Better than a piggy bank. Our Junior Savers Account teaches kids the importance of saving and managing money.
Open a Junior Savers Account for children ages 17 years and younger with an initial deposit of $5 or more*. Your child’s deposits earn competitive compounding interest. So the kids can watch their money grow.
Start early saving habits today with the help of a register
. A hands on tool to explain how to save.
For higher rates of return, we also offer Youth Certificates with just a minimum $250 deposit for a 3-year term.
*Proof of parent/guardian relationship is required to open a Junior Savers Account.
Your savings are federally insured by the National Credit Union Administration to at least $250,000.