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The GROW WITH ME Account is a unique savings account that develops along with the child.
It's as easy as 1...2...3.
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The account begins as a Certificate for the child** in your life under the age of 18 with a minimum opening deposit of $500.*** |
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The child's certificate earns a 4.50% APY for the first 12 months of the account!* |
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On the anniversary of the account (12 months after opening), the dividend rate becomes variable. |
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Any time throughout the year, family, friends, and relatives can help grow this savings account even faster by contributing up to $1,000 in new money deposits, or you may transfer up to $1,000 from the child's Young Savers account.*** A great way to save all those monetary gifts children receive during the year! |
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After the first 12 months, The Grow With Me account earns the Fed Funds rate plus 1%.* |
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For example: If the Fed Funds rate is 3.00%, the GROW WITH ME account will earn a 4.00% APY.* View current rates. |
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On the teens 18th birthday, the account automatically converts to a Student Rewards Checking Account - right when they need it the most!† |
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Consider this, for a child age 5, by simply establishing a GROW WITH ME account with the minimum opening deposit of $500, and adding $1,000 each subsequent year, the young adult would have $12,500 (excluding dividends) at age 18.† |
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To learn more or to open a GROW WITH ME account, visit your nearest branch or call 800.550.5328. |
*APY= Annual Percentage Yield. The introductory rate current as as of July 26, 2010 and subject to change. Rate 13+ months based on the Fed Funds rate plus 1%. ** The account must be opened for a child, grandchild, or other family member under the age of 18 using their Social Security number. Family member or legal guardian must have Justice FCU membership for minor to be eligible for this account. *** Funds must be new money deposits or transferred from the child's Young Savers account. New money is considered either: (1) Funds from another financial institution transferred to a Grow With Me account. (2) Funds that have been on deposit in a Justice FCU account for 30 days or less transferred into the Grow With Me account. †There is a penalty if funds are withdrawn prior to maturity date. All dividends will be forfeited if the Grow With Me account is closed prior to the teen's 18th birthday. Fees or other conditions may reduce earnings.
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