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Why Start a Savings Account for Your Child?

A regular savings program helps children understand the basics of personal finance and the importance of building sound money management habits.

Even very young children can grasp the fundamentals of saving, and become excited about having their very own savings program. As they grow and acquire allowances, after-school jobs, and other income sources, children can see those savings add up--and their pride and independence grow, too.

Perhaps the most important reason to start saving early and regularly is that saving helps young people develop the skills they'll need to be intelligent credit consumers.

So don't wait. Help your children open share savings accounts and encourage them to add to them each week or month.

Saving early and regularly helps young people develop the skills they'll need to be intelligent credit consumers

Remember, it's not the amount of the deposit that counts; it's establishing sound, lifelong financial habits that will make more complex financial transactions later on easier and more comfortable. Contact us now to start your kids on the road to confident money management. To find out more about the youth accounts available to our young savers visit www.globalcu.org/youth. Or, to open an account visit your local branch or contact us.

Federally insured by NCUA