Kids' cash savings program
GOOD MONEY HABITS FOR KIDS
It’s never too soon to teach your kids good money management skills. Statistics show that children today have more disposable income than ever before ... and they’re spending at a rapid rate. Of course, spending is easy; but learning to save is crucial for their success in later life. If you haven’t yet opened a savings account for your child, do it now. All it takes is a $5 minimum deposit to a savings account. Then show your children how to make their money grow.
It’s never too soon to teach your kids good money management skills. Statistics show that children today have more disposable income than ever before ... and they’re spending at a rapid rate. Of course, spending is easy; but learning to save is crucial for their success in later life. If you haven’t yet opened a savings account for your child, do it now. All it takes is a $5 minimum deposit to a savings account. Then show your children how to make their money grow.
EARN PRIZES WHILE SAVING
GPO’s Kids’ Cash program offers children benefits like:
GPO’s Kids’ Cash program offers children benefits like:
- A Velcro wallet upon opening a new Kids' Cash account.
- In-person balance round-ups. Visit a GPO branch each quarter and we will round up the account balance to the next dollar.
- Online financial education focusing on topics like how a savings account works; how to set and reach financial goals; how interest grows; how to protect money; and other relevant subjects.
- Quarterly contests and challenges with the chance to win prizes such as movie tickets, zoo passes and more.
- Coming soon, GPO will roll out an interactive app to help your child track savings goals and balances.
- And for those kids turning age 13, GPO will be introducing a new teen account with age-appropriate incentives. Account-holders will learn about establishing credit, balancing a checking account and more so that when they become young adults, they are well-equipped to manage their own finances.
COMING SOON: Kids' Cash Corner
An exclusive spot for Kids' Cash members to learn about financial education through online videos, take fun quizzes, a savings tracker and more!
An exclusive spot for Kids' Cash members to learn about financial education through online videos, take fun quizzes, a savings tracker and more!
GET INVOLVED WITH YOUR KID'S SAVINGS GOALS
Help your children set savings goals, and make sure they are realistic. These may include making weekly or monthly deposits, or saving a specific amount over a period of time, or saving to purchase a special item. Save, spend and share by having your child divide his/her money equally into three banks, one to spend, one to save, and one to share or donate.
Show you value your children’s efforts by rewarding good savings habits. Rewards may be as simple as a milkshake on the way home from making a deposit at the credit union, or a movie when a savings goal is met. Or, if your child is younger than 12, open up a GPO Kids' Cash Savings Account and they can earn great gifts for their deposits!
Help your children set savings goals, and make sure they are realistic. These may include making weekly or monthly deposits, or saving a specific amount over a period of time, or saving to purchase a special item. Save, spend and share by having your child divide his/her money equally into three banks, one to spend, one to save, and one to share or donate.
Show you value your children’s efforts by rewarding good savings habits. Rewards may be as simple as a milkshake on the way home from making a deposit at the credit union, or a movie when a savings goal is met. Or, if your child is younger than 12, open up a GPO Kids' Cash Savings Account and they can earn great gifts for their deposits!
*Membership eligibility required. Children ages 12 and younger are eligible for the Kids’ Cash savings program. Current Kids’ Only Club savings account members are automatically enrolled. Children who have traditional savings accounts are not eligible. Members must be enrolled in Kids’ Cash to receive benefits and rewards. At age 13, child will transfer to a traditional savings account or teen account. See branch for full details.
