If you open a Youth Account before June 30th 2024, both the Opening Member and the Youth Account Owner, who meet the qualifications1, will each receive a $30 deposit into their accounts within the established time frame.
PLUS, we have added an additional opportunity to earn more money: If the child (Ages 12-17) also signs up for a Free Rewards Checking Account, and meets the qualifications2, they will receive an additional $75!
This is a great opportunity to teach your teen about finances with their own Free Rewards Checking Account and earn some extra cash too.
Please contact our member service department to open your new Youth Account(s) today at 303.239.1150 | 800.279.3288 or stop by.
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*APY = Annual Percentage Yield. 2.01% APY for first $1,000. The Youth Share account is a two-tiered account where a higher rate of dividend is paid on the daily balance up to $1,000.00 and the standard Prime Share rate (0.05% APY) on the daily balances over $1,000. Rates are current as of 05/15/2024. The Youth Share account is available to minors from the age of 0 to 17 years. Only one Youth Share account allowed per child. In the month following the account holder’s 18th birthday, the Youth Account will change to a standard savings account, earning the prime share rate at the time. Rates are subject to change at any time. Find our current rates on our rates page. Dividends will be calculated daily, compounded, and credited monthly. The dividend period begins the first calendar day of the month and ends the last calendar day of the month. An Initial Deposit and Minimum Balance of $5.00 is required to open and maintain a Youth Share Account. We recognize that protecting children’s identities and privacy online is important and that the responsibility rests with both the online industry and the parents. We may periodically offer an online link through our website to a children’s site, which conforms to the Children’s Online Privacy Protection Act of 1998.
1 Open a Youth Account with a minimum of a $5 deposit. Generate an automatic reoccurring monthly deposit in the first 60 days, must be at least $10, for a minimum of two consecutive months. Deposits need to remain in the account for at least 60 days; the $30 deposit from C·U·D will be placed into the Youth Account owner’s & Opening Member’s accounts within 90 days of the account opening if qualifications are met. Promotional benefit is allowed only 1 time per member. 1099-INT will be issued to the new Youth Account. New Youth Accounts must be opened by June 30, 2024 to take part in this promotion.
2 For existing and new Youth Accounts, add or open a Free Rewards Checking Account (age 12-17), must be in good standing, and have a minimum of 6 debit card transactions over a period of the first 60 days, in order for the Youth Account to receive the $75 deposit. The $50 deposit from C·U·D will be placed into the Youth Account owner’s account within 90 days of the account opening if qualifications are met. Fees incurred on the account can reduce earnings. New Rewards Checking Accounts must be opened by June 30, 2024 to take part in this promotion.
Rates are current as of 05/15/2024