Peewee Penguin Accounts:
Our PeeWee Penguin Savings is for our young savers ages 12 and under and is designed
to help young children learn to save. The minimum balance for this account
is $25.00 and no fees are charged to the account. When a PeeWee account is
opened, each child will receive a PeeWee Penguin Passbook, a card from PeeWee
on their Birthday, and can attend our Annual PeeWee Penguin Picnic.
Young Savers Wealthbuilder Account:
Our Young Savers Wealthbuilder account is designed to teach
children (ages 0-17) to learn how to save. The required minimum
balance to open this account is $100.00. The account requires
that a minimum of $2.00 per month be deposited either by
automatic transfer from an adult’s account or by payroll
deduction (additional deposits can be made at any time).
Funds are required to stay in the account for a minimum of
36 months. Early withdrawal penalty is the difference between
the dividends earned in the Regular shares and the dividends
earned in the Wealthbuilder account. Higher interest may
be earned on this account. See a Member Services Representative
Young Savers Certificates:
Our Young Savers Certificates, for youth ages 0-17, are a fixed
rate deposit account. The funds are locked in for a specific
term and generally pay a higher rate than the regular savings.
A $500.00 minimum deposit is required to open the certificate.
See a Member Services Representative for rates and terms.