Page 4 - Jolt Credit Union 2021 Spring Newsletter

4.00% APY*

YOUTH CD

NOW - April 20, 2021
YOUTH AGES 0 – 18

Minimum $100 • Maximum $3,000

Start your child on the path to being a Save-osaurus! Save for long-term goals while earning higher
dividends than you would with a traditional savings account. Position your child for financial success
by opening a youth share certificate. It’s a great way for kids to learn the value of investing as they
save for long-term goals like saving for their college education or buying their first car. Plus, you can
deposit additional funds in this Youth CD throughout the year up to a maximum certificate amount of
$3,000, giving them an additional way to grow their money.

*Annual Percentage Yield. Maximum of one (1) Youth Share Certificate may be purchased per Youth Account during the
promotional period March 8 - April 20, 2021. Primary account owner must be age 0-18 years. Minimum deposit of $100 is
required to open the account. Maximum Share Certificate balance is $3,000. Additional deposits may be made to the Share
Certificate during the 12-month term, not to exceed the maximum balance of $3,000. At the time of maturity the funds will
be deposited into the Youth Account. A penalty will be imposed for early withdrawal. Rates do not apply to ESA or IRA Share
Certificates. Other rates and terms available. Visit joltcu.com/youthcd or call 800-798-2328 for more information.

HOW TO TEACH YOUNG CHILDREN

ABOUT SAVING MONEY

Save A Little: A piggy bank is a classic way to help a small child save money. Let them choose
their style of a bank in the shape of a car, cartoon character, or maybe an actual pig.
You can also help create a DIY saving center. Grab three jars or boxes of the same size.
Cut a slot into the lid and let your kids decorate them with paint, markers, ribbon,
stickers, or any random craft supplies. Designate one jar for saving, one jar for
sharing, and one jar for spending.
When kids get a little older, you can bring them to the credit union to
deposit their money in their savings account when their piggy bank is full.
Give Them Ways to Earn: Next, they will be wondering
how to fill up the piggy bank faster. It’s your chance to introduce
chores and get a happy little helper on board with the housework.
Make a roster to check off the daily or weekly chores and be ready to
hand over your coins when they get the jobs done.

Let Them Spend a Little: While saving is important, we
also want to teach smart spending habits. So, let your children take some
of their well-earned money to go shopping and buy what they want, as
appropriate. Explain to them, in a fundamental way, the economics of money
flow within a community. They will soon see the cycle of earning, spending,
and saving as they gain experience and confidence by doing it themselves.