It seems like we all have childhood memories of visiting a local bank, and we all know we've had our fair share of those drive-thru lollipops over the years. A financial institution can make a lasting impression on a child for a lifetime, and our perception of the relationship our caregivers had with money often impacts our spending and saving habits in adulthood.
Why is this so important? As you know, it takes a lot of time and discipline to learn how to responsibly manage your money. And here at Telcoe, we believe that it's critical to begin financial literacy early in life. Start teaching your kids early by opening a kids account for them here at Telcoe Federal Credit Union! Ashley explains what they are, how they work, and where to start in our video below.
Why are our youth accounts so awesome? Well, they have no monthly fees, only require $5 to open, and they even earn interest! This account could be used as a savings account for a nice nest egg when your child is older, or it can be used now as an allowance management tool simply by direct-depositing money from your paycheck. It's never too early to start teaching your child good financial management skills, and we're here to help.
Visit one of our local credit union locations or visit us online HERE to see how you can start preparing for your child's financial future!