Teach your kids the value of saving early
Opening an NGFCU Youth Account is a great way to help your child or teen develop a healthy savings habit. The account offers insured, dividend-bearing savings with the value and benefits of NGFCU membership at a young age.
A Youth Account is available to anyone with a Social Security number under age 18 who is eligible for membership and able to sign his or her name. A Youth Account held by a primary account holder under age 18 requires an adult joint account holder.
You can also establish a custodial UTMA (Uniform Transfers to Minors Act) account for a child from birth with a Social Security number. This type of youth account could offer some tax advantages.
Earn dividends with no fees
Here are just a few of the benefits for NGFCU Youth Account holders:
- Pays dividends
- No maintenance fees
- ATM card available with joint parent or guardian ownership
- Checking with a debit card available at age 13
- Unlimited free monthly withdrawals with a balance of $1,000 or more
- Quarterly statements online or by mail (monthly with a transaction on a savings account or with an active checking account)
- Federally insured