Did you get the valuable financial education you needed as a teen? Want to better prepare your son or daughter? With a Tongass Federal Credit Union Youth Debit Card, you’re not only giving them a safer alternative to cash, but also equipping them with essential financial skills and the opportunity to save smartly. It’s like you’re right there with them, helping them navigate their finances!
Why Choose a TFCU Youth Debit Card?
- Travel Safely: No more concerns about carrying cash. A debit card offers a secure way for kids to manage money during school trips and activities. With the Tongass Federal Credit Union Youth Debit Card, you can rest assured that your child's finances are in safe hands.
- Learn Financial Responsibility: With a Youth Debit Card, teens can gain hands-on experience managing money. They can make purchases, track spending, and budget—all critical skills for their financial future. Our youth debit cards are available for kids ages 10 and up1 and come with no minimum balance requirements or account fees, making it easy for your kids to learn how to manage their own money. This practical learning experience will equip your child with essential financial skills.
- Debit Card Round-Up Savings: The Debit Card Round-Up feature is a great way to teach kids about saving. Each purchase is rounded up to the nearest dollar, and the difference is automatically transferred to their savings. This simple yet effective program can help build savings over time, teaching your teen how easy saving can be!
Enhanced Savings Options:
- Youth Savings Account: This account offers an impressive 5.00% APY2 on balances under $1,000, a fantastic way for your child to see their savings grow.
- Savings Builder Certificate: This certificate encourages saving by ‘locking’ your deposit away for 30 days at a time. It’s a low-risk investment that earns the same APY3 as our one-year certificate. Only $50 is needed to open, and you can add funds anytime.
Special Features for Southeast Alaska Families:
- Comprehensive Account Access: Our youth accounts include a mobile app, online banking, easy transfers, and alerts, allowing your kids to manage their finances anytime, anywhere. This ease of access ensures they’re never without the funds they need, no matter where they are.
- Instant Issue: When you open a youth account at one of our 13 locations, we'll issue the debit card for you right then!
Join the TFCU Family Today and give your children the financial education they deserve!
Give your children the tools they need to learn real-life money management skills. Open a teen bank account with a free debit card for teens at Tongass Federal Credit Union today and set them on a path to financial independence. With the safety of a card, the benefits of our round-up savings feature, and additional savings options, they’ll learn to save and spend wisely.
1the account must qualify for the debit card if the child is under 16 year old by having an adult joint account holder who is an established TFCU member in good standing.
2annual percentage yield, regular share rate will be applied to balances over $1,000.
3$50 minimum to open, Maximum balance is $25,000, 30 day maturity, dividends paid at maturity