YOUTH SAVING OPTIONS
A head start for their tomorrow - save today.
Youth or Student accounts for minors require a parent or legal guardian (18+ years old).
Youth Savings (Ages 0-9)-formerly Goal Getters
Make saving fun and start building good financial habits.
Features to help young members learn good saving and spending habits:
-No minimum opening deposit
-No minimum balance
-Earn tokens and prizes for deposits
-Earn quarterly dividends
-Automatically converts to Student Savings at age 10
| Tokens are awarded like this: | Examples of prizes: |
|---|---|
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Deposit of $5.00 - $49.99 = 1 token
Deposit of $50.00 - $74.99 = 2 tokens
Deposit of $75.00 - $99.99 = 3 tokens
Deposit of $100.00 or greater = 4 tokens
|
1 token - 5 Assorted Stickers
2 tokens - Bubbles
3 tokens - Fidget Toy
6 tokens - Deck of Colorable Playing Cards
8 tokens - $5 Andy's Frozen Custard® Gift Card
20 tokens - $10 Target® Gift Card
30 tokens - $25 VISA® Gift Cards
|
Student Savings (Ages 10-26)
Flexible savings for growing independence.
Features to help young members
-No minimum opening deposit
-No minimum balance
-Earn quarterly dividends
-Automatically converts to Set Aside Savings at age 27
Earn rewards for graduating Middle School, High School and a 4-year College or Technical School.
- Graduating Middle School = $50 reward
- Graduating High-School = $100 reward
- Graduating 4-year college or Technical School = $250 reward
Graduation Reward Qualifying Factors:
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- First, have an active Student Spend Account
- Next, provide proof. Celebrate your achievement by sharing valid proof of graduation within 90 days. You can bring a diploma, report card, or even tag Mainstreet Credit Union in a social media post about your big day (Instagram, Facebook, or TikTok) - for members 18 or older or with parental consent.
Early Savers Certificates
- Young Savers Certificates are for members age 0-19.
- Open with as little as $250.
- Terms of 6 or 12 months.
- Competitive rates
Coverdell Education Savings Accounts
- Mainstreet's Coverdell ESA helps parents and students save for educational expenses.
- Contribute up to $2,000 per child per year.
- Coverdell ESA funds can be used to cover college costs, as well as qualified elementary and high school expenses at most public, private, and parochial schools.
Looking to start funding your child’s future with Mainstreet Credit Union? Contact us, or visit us in person at one of our branches located in North Kansas City, Missouri or the following Kansas cities: Bonner Springs, Kansas City, Lawrence, Leavenworth, Lenexa, Mission, Olathe.