Does your kiddo earn an allowance? Do the odd job or rake in the coins on a birthday or holiday? No matter the cash flow – or amount – your children (and you!) will enjoy the added fun of watching their savings grow: BECU Early Saver savings accounts are for younger members under age 18, and offer a whopping 6.17% Annual Percentage Yield (APY)* on the first $500. The high rate is yet another example of how BECU encourages saving. BECU Early Saver accounts are also virtually hassle-free: Pay nothing to maintain the account.
Learning to bank in the modern age is a valuable lesson. When appropriate, your kids can get their own BECU ATM or debit card, learning how to budget and deposit at a BECU ATM. And, once they turn 13, they can also view their account – and growing funds – with free Online Banking.**
Learning to save at a young age is a gift toward your child's future – join the many Early Savers watching their money grow! Opening an account online for your child is simple or stop by your neighborhood financial center. You can even make an appointment ahead of time.
*Must have a parent or legal guardian as the joint on the account. If under the age of 13, you must enroll in person or by mail. Early Saver Savings Account is required to establish membership. Earn 0.10% APY on balances over $500. Rates in effect as of 03/29/2016.
**Members must be age 13 and above to access Online Banking and eStatements.