Youth Accounts
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Start Saving for the Future Today Help your child gain an edge in financial literacy while saving for the future with either a Youth Savings Account or a Youth Term Share Certificate. |
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Easily Open a Youth Savings Account As both a parent and Sun East member, all you need is your child’s social security number. Stop by any one of our branch locations to get started.
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Or Go Long-Term with a Youth Certificate When your child opens a Youth Certificate, they set aside money for a set period and agree not to use it. In exchange, we give them a guaranteed rate of return.
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Tips for Raising Money-Smart Kids
Show kids the value of saving; start early enough, and they will be seasoned pros by the time they turn 18. They get to watch their money grow as compound interest works its magic and can set short-term and long-term goals for the money they save. The reward of achieving these goals will teach life lessons on patience and planning.
- Have conversations using real-life examples, like setting aside a portion of allowance and understanding the difference between short-term and long-term savings can help.
- Try giving your kids a digital allowance. It’s a great way to teach both money management skills and how to use online banking tools.
- Create a household budget and set financial goals with your teens.
To open a Youth Savings Account please stop by any of our branches.
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Help Kids Get Money-Savvy One of the most important life skills you can teach your children is how to manage their own money. The sooner children begin financial education, the greater the likelihood they’ll avoid the mistakes many adults make today. Check out this blog article and more on our Educational Resources page. |