![]() A $5 minimum balance is required to open the share savings account and must be maintained in that account at all times. ![]() You must be an RFCU® member to open a share savings account and participate in the STAR Club Program. The STAR Club Savings Account is available to members 12 years old and younger who participate in the STAR Club Program. The STAR Club Savings Account is a share savings account that includes STAR Club Program benefits. Club member find a charity they like and help them find ways to donate time, money and resources to help others. Sharing with those less fortunate is fulfilling and valuable. Help them understand that even though you can’t buy everything you want, saving and planning for a future goal is rewarding. Share with them the reasons to save for the future. Talk to your child about budgets and encourage them to create their own. Include them in making spending decisions and help them understand the reasons behind these choices. Help your child learn these principles to set the stage for a secure financial future.Įveryone spends money the key is to teach your child how to spend wisely. Safeguard Checking is free for our youth members and features:Īt Redstone Federal Credit Union, we believe in providing strong financial values and principles in our youth. (Older teens aren’t required to have a joint owner, but it’s recommended.) For teens age 13 – 15, a parent or legal guardian is required to be on the account, so you can help guide them with their finances too. Our Safeguard Checking helps protect teens from overspending as they learn financial responsibility with a debit card. When your child turns 13 they can open their own checking account. ![]() Start building smart money habits at a young age so kids gain valuable practices to set them up for success as they grow.Īt Redstone, children age 0 to 12 who open their first savings account automatically become part of S.T.A.R. Start Today At Redstone (S.T.A.R.)Ī savings account is a great way to teach your child some of the basics of money management. From a kid’s first savings account to a checking account when they become a teen, Redstone encourages a lifetime of financial learning and responsibility. Teaching children, the value of money and importance of saving is at the heart of what we do. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |