Commitment to Education: Kids

Does your child have the practical money skills needed to become a successful adult?

According to the American Savings Education Council, 79% of students do not receive instruction in personal finance at school and only 7% of parents rate their children as understanding financial matters “very well.”

Rags to Riches Club Account

The Rags to Riches Club is an educational program with a special savings account for children up to age 13. Activities encourage the Save, Share & Spend method of managing money. To encourage a savings habit, kids can pick a reward every time they make a deposit of $5 or more at a branch.

(NOTE: Please have your child's social security number to open an account at one of our branches)

Club Benefits

Free Membership Kit includes three money pouches, “how it works” instructions, and a fun book.

Resources to Develop Money-Wise Kids

Children learn about money from many sources, but no lesson is more important than one learned from a parent.  For this reason, we offer several resources to help you develop money-wise kids:

5 Spot Clubhouse (by Googolplex)
An online resource with stories and games about money and other topics at an elementary school skill level.  We invite you to read along with your children to initiate conversations about money and saving.

Pracitical Money Skills For Life
This free educational program sponsored by Visa, offers lesson plans for parents divided into grade levels. Grades 3 through 6 lessons include Allowance, Behavior and Chores, Saving and Investing, Accountability, Spending, and Values.

Thrive by Five™
A free resource from the Credit Union National Association. The website has lesson plans in both English and Spanish for parents who want to encourage healthy attitudes about money in young children.

U.S. Mint Kids Page
A great resource for activities that are not only educational but fun! Kids can also access this resource through the Rags to Riches Clubhouse.

Rags to Riches Club Savings Account

Dividend Rate
Product Rags Savings Account
Dividend Rate 0.05%
APY* 0.05%
  • Last Updated: August 6, 2009
  • Rates shown are subject to change.
  • Fees can reduce earnings.
  • The Rags to Riches Savings Account is in addition to the membership savings account.
  • No minimum balance
  • * APY = Annual Percentage Yield.

Rags Certificate Rates - Ages 12 and under

Dividend Rate
Product 12 mo. Certificate
Dividend Rate 1.00%
APY* 1.00%
Product 24 mo. Certificate
Dividend Rate 1.24%
APY* 1.25%
  • Minimum Opening Balance: $100
  • Minimum Required Balance: $100
  • Dividend: Compounded Monthly; Credited Monthly
  • Additional Deposit: Permitted - $10 Minimum Per Add-on Deposit
  • Dividend Withdrawal: Allowed
  • Early Withdrawal Penalties Apply
  • Rates shown are subject to change
  • * APY = Annual Percentage Yield

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Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency