Youth Savers Club

Starting a savings plan and teaching children savvy financial practices early is an important piece a child needs as they develop. With our Youth Savers Account it makes it fun and encourages children to save.

Start teaching financial responsibility and make saving fun for children 12 and under. Minimum opening balance of $5.

With every $10 deposit, your child will receive a stamp on their savings passport. After 10 stamps they will get to dive into our Treasure Chest of prizes.

Youth Savers Club account holders will also receive an annual birthday card to encourage a deposit and another chance at the Treasure Chest.

Start making saving fun today!

 

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Here are just a few of the savings products available to our young members.

MinimumMaximumAPY**Div Rate*
Dollar AmountDollar Amount
$100.00$9,9990.02%0.02%
$10,000$24,9990.02%0.02%
$25,000$99,9990.02%0.02%
$100,000and up0.02%0.02%
*Members 18 and older are asked to keep an aggregate balance of at least $100 to avoid a $5 monthly service charge. **APY=Annual Percentage Yield. Rates may change at any time. Members would forfeit dividends if accounts closed before accrued dividends are posted. Contact us for more information.

Effective Date: June 20, 2021

FCU members at any age can also enjoy the higher returns that CD’s also offer.

CD TypeAPY**Div Rate*MinimumDescription
Min. Investment
$500 - $99,999
13 Months.22%.22%$500Good for funds already at FCU and new funds.
$100,000 - $149,000
13 Months.22%.22%$100,000Good for funds already at FCU and new funds.
$150,000 - $249,999
13 Months.22%.22%$150,000Good for funds already at FCU and new funds.
$250,000 - and up
13 Months.22%.22%$250,000Good for funds already at FCU and new funds.
*Require $500 minimum investment for a Certificate of Deposit. Rates may differ depending on the amount investing. Members will forfeit dividends if accounts closed before accrued dividends are posted. Substantial penalty for early withdrawals. Rates subject to change. Investment fully insured under the NCUA guidelines. Penalty for early withdrawal. **APY = Annual Percentage Yield. Contact us for more information.

Effective Date: June 20, 2021

*APY=Annual Percentage Yield.. Rates may change at any time. Contact FCU for more information. For Certificates of Deposit requirement a minimum investment of $500.

No personal information from children under the age of 13 is collected from this site.

Stop by a Frankenmuth Credit Union Branch or call/text us at 989-497-1600 or use the chat icon on the right. Say ‘Hello’ and we’ll help you set up your new account. We look forward to hearing from you!