Youth & Teen Accounts
Ages birth to 12
Start your child's financial future today!
Connex Credit Union offers a great opportunity for kids to get involved in their financial lives right from the start.
Regular Share Account
The $mart $tart Share Account is a great way to start the savings habit from an early age. Parents can utilize it right at birth to deposit gift money or start a savings plan. As the child gets older, it's the perfect tool to have the child interact directly with their own finances. A simple $25 opening deposit starts your child's financial future.
Mini Money Market
Our Mini Money Market:
- Is available to all members age 25 and younger.
- Has higher rates than the regular savings account to make the most of deposits.
- Has a minimum balance adjusted to $250, much less than the regular Money Market.
- Helps parents and children reinforce the idea that the more you save, the more you earn.
- Has smaller scale tiers to making reaching goals a reality.
Youth Savings Challenge
Opening a Youth Account allows our younger members to share in the excitement of the Connex Savings Challenge. The Connex Savings Challenge features four local families who work with a Connex financial coach throughout the year to set savings goals and the winning family receives $10,000.
All members under the age of 18 can "play at home" by setting up a special purpose account to work toward something they're saving for. The item must have at least a $50 minimum, up to a maximum of $300. The purpose is to help all younger members save toward a goal - parents will also be able to use the challenge as vehicle to promote setting goals and budgeting.
When they open the account, the member service representative will give them a card that will be used to track the deposits made into the account. It will also have the goal number on it to serve as a reminder of what they are saving toward.
All members who reach their goal will receive a prize as congratulations. Their name will also go into a drawing - once each month we'll draw a name from all the members entered and the winning member will have their goal item purchased for them!
Ages 13 to 18
Your financial future starts today!
Connex Credit Union offers a great opportunity for teens to get involved in their financial futures.
As teens become young adults, they can maintain their membership by having a Regular Share Account and still take advantage of Mini Money Market and Youth Savings Challenge just like the children's accounts. Once the member reaches the age of 13, we add the ability for the member to get a checking account with their parent's signature.
Great checking benefits tailored to teens:
- Save money with two coupons per year for an overdraft fee rebate.
- Have peace of mind with the option to receive notice of overdraft by email.
- Save time with e-statements and online services.
- Visa Check Card available.
- All the other great features of our Your Choice Checking Account are available.
Young Adult Accounts
Ages 18 to 25
As teens become young adults, they can maintain maintain their membership by having a Regular Share Account and still take advantage of the Mini Money Market to make higher-interest saving more realistic.
Keep the same features of the Teen Checking, including the overdraft rebate coupons. Upon reaching age of 18, receive SmartScore letters, Connex Credit Union's quarterly notification of your credit score. It is a great benefit that helps you understand your credit score and how it affects your financial life as well as offers tools to help increase the score if needed.
Connex Loan Options
Connex offers great opportunities for teens and young adults to finance all their "firsts." First-time auto loans, mortgages and consumer loans are just a few of the options we have tailored to teens and young adults. Click here to learn more about loan options with Connex Credit Union.
