Teaching young members about money
At F&A, we’re committed to educating young members about personal finance. In honor of National Youth Month, here are some programs popular with our younger members:
For Learning –
Money Mammals: Developed for kids 11 and under, Money Mammals is a youth educational program featuring a website with games, apps, videos and more. See www.fafcu.org/edu to learn more.
Biz Kid$ is a national financial education program based on an Emmy Award-winning public television series about kids, money, and business. Check out the site for its blogs, news, business plans, and more! Link to it from www.fafcu.org/edu.
For Earning –
Youth Savings Account: paying 6.18% Annual Percentage Yield (APY*)!
At F&A, we love rewarding young savers. Our Youth Savings Account, open to members up to age 26 ½ who sign up for paperless e-Statements, is an opportunity to earn big, paying 6.18% APY* for the first $1,000! And for balances greater than $1,000, it pays 3.34% APY* (APY is based on a $2,000 balance).
Our Youth Savings Account features:
• No minimum balance requirement
• No service fees
And for members age 11 and under:
• A FREE F&A savings bank
• A FREE Money Mammals educational picture book or DVD
• Ongoing access to The Money Mammals website and mobile apps
To open a Youth Savings Account, please log into Online Banking, click on All Services and select Loan Application and Status. Or call 800-222-1226 or visit an F&A branch.
*Account available to members up to age 22 1/2. Custodial accounts are not eligible. Age limit will be extended to 26 1/2 for members who sign up for paperless eStatements. Other conditions apply. See our Deposit Account Agreement & Truth in Savings Disclosure for further information. The APY is accurate as of the last dividend statement date.