Youth Savings Accounts
It’s never too early to start teaching money management skills to your kids. Help them manage their money and supervise their progress as they grow!
At Advantage FCU we make it a priority to help educate children to establish saving habits that will carry with them throughout their lives.
Main features:
- Joint membership with parent/guardian
- Eligible for online banking to guide your child to watch their savings grow
- Good Grades Pay
- Withdrawals by primary account holder only
Youth Savings Account Requirements:
- Must be 15 years or younger and must be accompanied by an adult parent/guardian.
- Social Security Number with Non-Driver ID Card or Passport
Youth Savings Account Rates
| Balance | Dividends Paid | Rate | APY |
|---|---|---|---|
| Up to $10,000 | Quarterly | 3.00% | 3.03% |
| $10,001 and up | Quarterly | 0.50% | 0.50% |
A message from our President/CEO regarding financial literacy and Advantage FCU
“Advantage FCU has been serving the educational community in the Greater Rochester area since 1931. We strongly believe that we should help our community learn more about finance, budgeting and overall financial health. Supporting the use of the Zogo financial literacy software in area schools is just one way we are helping students learn valuable life skills which will help them become better, more productive adults.” – President/CEO Jeff Bocach
Good Grades Pay!
Advantage FCU is passionate about recognizing the hard work and dedication our students put into their education. Good Grades Pay! is our special way of celebrating academic excellence among our student members.
Good Grades Pay! is available to ALL students with a Youth Savings or Student Checking account, regardless of age. If you can provide proof of enrollment, you’re eligible for the $20 reward when your grades hit the mark! Rewards are only awarded during the months of May, June, and July.
**Qualifying Grades & Rewards **
College, High School, and Middle School Students:
Grades of A (90%-100%) and B (80%-89%), or
GPA of 3.0 or higher
Grade School Students:
Grades of 7, 8, or 9 (Out of a grading scale of 1 thru 9)
Elementary School Students:
Grades of A (90%-100%) and B (80%-89%)
How much can a Youth Savings Account add up to?
$25 deposit on 1st birthday, then $25 per month until 16th birthday @ 3% = $5,674 saved!
Student Checking – Age 13+
- Earn up to $120 CASH each year just by using your debit card!**
- Grow your savings 3%APY*** with Round-Up Savings.
- Get paid up to two days early.**
- $26,000 in scholarships awarded to high school seniors and college students each year
- and more!
The primary member must be enrolled in high school or college to qualify. Proof of enrollment must be presented, which can be a class schedule or a current student ID card.
Open a Student Checking Account today!
Credit Builder* Products
Good credit begins with the basics!
Let us help you with step-by-step tools and exciting new products.
We are here to help you build a solid foundation toward financial wellness!
1st Credit Card
Start building your credit with a low-rate Visa. Earn Rewards on everyday purchases with no cap on maximum rewards earned.*
1st Auto Loan
You’ll always remember your first car! Let Advantage FCU put you in the driver’s seat with our 1st Auto Program. We want you on the road to financial success.*
It pays to learn about finance – literally!
Zogo is a gamified financial literacy app that rewards users for completing bite-sized financial literacy lessons on intelligently saving, spending, and managing their money. The app includes over 800 modules in 54 different topics, from opening a bank account to saving for retirement – and everything in between.
By completing modules, taking interactive five-question quizzes, and participating in daily trivia games, users earn virtual “pineapples” and work toward real-life rewards – like a $5 gift card to one of their favorite stores!
Zogo’s mission is to make learning fun and provide financial knowledge to all!
