Start teaching smart money habits early
Every year, credit unions worldwide dedicate the month of April to our youth.
This year’s theme, Save Small, Dream Big, is exactly what we try to instill in our young savers. We have created something for ALL of our young members, no matter what financial stage they are in, to encourage them to keep saving for their dreams.
Save Small, Dream Big. Does your young saver need an upgrade from their piggy bank? It’s never too early to start teaching them the importance of saving and creating those habits. During the month of April, if you open a GenerationNow account for your child, MMFCU will give you $50 to start their financial journey. Open your GenerationNow account today and use promo code YM22 to receive the $50 savings starter.
Want to get social? Tag @MMFCU on Facebook or Instagram with a photo, video, or drawing of your small saver’s big dreams. You never know what dreams may come true!
Everyone Wins. For the young savers that already have a GenerationNow account, we have some exciting news to share! Starting this April, MMFCU is doubling the maximum balance for this higher-interest children’s account. GenerationNow account holders will now receive 0.25% on up to $1,000 instead of $500. No one takes the L on this one!
MMFCU wants members of all ages to understand how to manage money. What better way for a child to learn than to have their own account?
GenerationNow accounts are designed to grow as your children grow, encouraging them to save money and learn how to make good financial decisions now and in the future. It’s never too early to learn good savings habits!
Youth Savings (Ages 0-24)
- First $1,000 save at a higher rate of 0.25% APY*
- No monthly fees or minimum balance requirements
- Unlimited ATM fee refunds
- Access to Zogo🍍 app, get paid to learn
- Eligible for Student Loans
There are two ways to open a GenerationNow account:
- If your child currently has a primary savings account and would like to transition to a GenerationNow account, fill out the opt-in form and email it to [email protected].
- If your child is opening up a brand new account, complete our Membership Application and mail it in with a copy of the child’s social security card and/or birth certificate.
* APY = Annual Percentage Yield. $5 minimum deposit to open. $25 minimum deposit to earn stated dividend rate/yield. Rates are subject to change at any time. Fees or penalties (if any) could reduce earnings.