Children's Savings Account
Hi, I'm Bobbi. I'm a Junior Saver.
Do your children know the importance of saving? Of earning cash by helping with chores, and behaving? If their dream is to own a toy plan, a boat or fish; if they save up their money, they might just get their wish!
Opening a children’s saving account is one of most important things a parent can do – and opening a children’s saving account with the credit union can not only contribute to a child’s future, but teaches them important planning, budgeting and money management skills - giving them vital building blocks needed throughout their lives.
Each year in September, the credit union’s national Junior Savers Week aims to raise awareness around the importance of children saving.
What is the best way to help children save?
The best way to help children save is to build a children’s saving plan with achievable goals and fun, successful ways to save – including opening a savings account. Here are some ways to get started:
Set a savings goal
Create rewards for regular saving
Create a timeline
Open a savings account
For more detail and tips on how to get children saving, read our blog here.
What is the best savings account for kids?
The best children’s savings account is a credit union savings account. Here’s why the credit union is a great place for your children to save:
It has excellent customer service
It is member owned
It is community based
It is not for profit
For more information on why credit unions are the best place for children’s savings, click here. If you have any further questions about how to open a credit union children's savings account, click here to read our list of FAQs.
Take the first step to help your children save – contact your local credit union and open a children’s saving account today.