Banking for YouthSM Account Earns 7.00% APY!1
This account helps children and teens learn the benefits of saving. Members 17 years old or younger will earn 7.00% APY on the first $500 in their account by signing up to receive FREE eStatements only.
1 APY = Annual Percentage Rate. A dividend rate of 7.00% will be paid only on the portion of your daily balance that is less than $500.01 that meets the Banking for Everyone Savings/Youth qualifications. The APY will range between 7.00% and 7.19% depending upon account balance. Dividends compound at 7.00% APY up to an account balance of $500. Notwithstanding anything to the contrary in your Schools Financial Credit Union Truth in Savings Disclosure (“Disclosure”), you understand and agree that the 7.00% APY does not compound on the portion of your daily account balance greater than $500. A separate dividend rate will be paid on nonqualifying accounts and the portion of your account balance greater than $500. Business and organization accounts are not eligible. One Banking for Everyone Savings/Youth account per Social Security Number. Contact the Credit Union for additional account qualifying information.