Kid's Club - Parent's Page
Help Your Kids learn the Value of Saving
The "Save It Today!" Kid's Club helps teach financial literacy to our younger members by offering them a simple savings account to get them started. Our special savings account with its premium dividend rate is a great idea for all kids through the age of 17.*
Kid’s Club Features
Teaching financially healthy habits at a young age can help your child save, spend, and share wisely. Kids learn the value of money by saving on a regular basis. Start early by depositing allowances, and birthday and holiday money in a kids savings account today! The club is available to anyone under the age of 18.
- No minimum balance
- $5 to open
- Balance earns a premium rate from the first penny deposited, equal to the highest tier on our money market savings accounts on full balance up to $500. Any amount above that limit earns our standard savings rate.
FAQs
Why do I need an adult to open a kids savings account?
Bellwether cannot open a kid's savings account without the presence and signature of a parent or legal guardian. That's because minors cannot legally consent and sign the credit union's agreements if they are under the age of 16.
Can a parent access a kids savings account?
If the adult is a joint owner or a custodial presence on the account, they will have full access to the funds.
Our site complies with COPPA (Children’s Online Privacy Protection Act.
Read our Children’s Online Privacy Statement
*An adult is required on all accounts for children through the age of 15. The child’s social security number is required to receive benefits. Three account types qualify for use as a “Save It Today!” Kids Club savings account:
Custodial Accounts: Requires the adult on the account to authorize all withdrawals.
Joint accounts (non-custodial): Does not require the adult's signature for withdrawals.
Individual accounts: Does not require an adult for children ages 16-17.
$100 Minimum average daily balance required to earn dividends except for Kid's Club accounts. "Save It Today!" Kid's Club has no minimum balance to earn dividends. $5.00 minimum to open a kids savings account. Accounts have variable rates and may change after the account is opened. Fees could reduce earnings. Each member is federally insured to at least $250,000 by the NCUA, a U.S. Government Agency.