Teaching children, the value of money and importance of saving is at the heart of what we do. From a kid’s first savings account to a checking account when they become a teen, Redstone encourages a lifetime of financial learning and responsibility.
A savings account is a great way to teach your child some of the basics of money management. Start building smart money habits at a young age so kids gain valuable practices to set them up for success as they grow.
At Redstone, children age 0 to 12 who open their first savings account automatically become part of S.T.A.R. Club® and will receive:
When your child turns 13 they can open their own checking account. Our Safeguard Checking helps protect teens from overspending as they learn financial responsibility with a debit card. For teens age 13 – 15, a parent or legal guardian is required to be on the account, so you can help guide them with their finances too. (Older teens aren’t required to have a joint owner, but it’s recommended.)
Safeguard Checking is free for our youth members and features:
At Redstone Federal Credit Union, we believe in providing strong financial values and principles in our youth. Help your child learn these principles to set the stage for a secure financial future.
Everyone spends money; the key is to teach your child how to spend wisely. Involve your child while out shopping. Include them in making spending decisions and help them understand the reasons behind these choices.
Saving is important. Talk to your child about budgets and encourage them to create their own. Share with them the reasons to save for the future. Help them understand that even though you can’t buy everything you want, saving and planning for a future goal is rewarding.
Sharing with those less fortunate is fulfilling and valuable. Let your S.T.A.R. Club member find a charity they like and help them find ways to donate time, money and resources to help others.
The STAR Club Savings Account is a share savings account that includes STAR Club Program benefits. The STAR Club Savings Account is available to members 12 years old and younger who participate in the STAR Club Program. You must be an RFCU® member to open a share savings account and participate in the STAR Club Program. Membership required for RFCU products. A $5 minimum balance is required to open the share savings account and must be maintained in that account at all times. A parent or legal guardian is required to open the account for individuals 0-15 years old and the parent or legal guardian must be the joint owner on the account. Other restrictions may apply.
Are you ready to join the credit union that puts you first? Become a member of the Redstone family and you’ll start enjoying the great rates, personalized financial advice, and excellent customer service Redstone is known for.