A fun way for kids to save
FreeStar Financial Credit Union believes that teaching our youth to establish a savings habit will help take their dreams higher. We are pleased to offer the iSave Certificate of Deposit (CD) program designed to help youth members ages 17 and under.
With just $25 to get started, your child or grandchild can start earning interest at a higher rate than a normal savings account. Plus, for each $10 deposited, the youth will receive an entry into a drawing to win an annual prize. Member must be under the age of 18 at the time of the drawing to win. Drawings occur in January.
|Certificates of Deposit|
|Effective Date: July 1, 2020|
|Term||Minimum Balance||Interest Rate||APY*|
|Save to Win (1 year)||$25.00||0.499%||0.500%|
|iSave Youth (1 Year)||$25.00||0.499%||0.500%|
|*APY = Annual Percentage Yield. APY is the total amount of dividends paid on an account, based on the dividend rate and the frequency of monthly compounding for a 365-day period, and expressed as a percentage.|