Youth

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Youth Savings Account Programs

What better way to teach a child how to save their money than to have them manage an account of their own? This basic savings account is for children up to 18 years of age whose parents are eligible to join Tallahassee-Leon Federal Credit Union.

Plus, TLFCU now offers 3 types of youth accounts that provide products that grow with them!

Seedlings Account Ages Infant - 5 years old
Account Perks Higher deposit rates than on standard share accounts
Birthday Cards in the month of their birthday
Periodic special offers sent to parents
Available products Share savings accounts, Share certificate accounts, and gift cards
     
Tree House Account Ages 6 - 12 years old
Account Perks Higher deposit rates than on standard share accounts
Interactive financial literacy games in our branch locations
Give-a-ways at special events
Quarterly fun events centered around the tree in our main office lobby that changes leaves with the seasons
Available products Share savings accounts, share certificate accounts, age appropriate deposit slips and forms, and gift cards
     
Grow Account Ages 13 - 18 years old
Account Perks Higher deposit rates than on standard share accounts
Free financial literacy information
Discounted enrollment in our "Mini-Billionaire Academy" MBA JR. Summer Sleep Away camp
College Scholarships
Available products Share savings accounts, share certificate accounts, checking accounts*, secured visa cards**, online and mobile banking, gift cards
     
*With parent's consent
**Co-signer required. Credit standards apply.

Some important points to keep in mind:

  • Funds can be transferred to other accounts
  • Dividends are paid monthly based on the average daily balance
  • Account is automatically converted to a regular share account when the Member turns 18
  • To open a youth account the child must have a social security number
  • Minimum opening balance is $25.00

For fun activities you can do to teach your "seedling" about money, take a look at these great sites:

 

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