Start saving for that young one!

Whether it’s your grandkids, brothers or sisters, nieces or nephews, or your very own children, now is the time to save! Sure, we hear it all the time, save, save, save, blah blah blah! With the economy today, saving isn't ideal for most of us. BUT- it’s not impossible! If you start saving now until they turn 18, with our rate of 0.08% and a $50 deposit per month, that’s $10,928.49 saved! That’s less than $2 a day! Don’t have $50 EVERY month? THAT’S OKAY! Empty those pockets and put it in their HCCU piggy banks; we all know four quarters are worth more to kids than a $1 bill.  Bring the kids in to your credit union (yes, YOUR credit union) and open a youth savings account today and receive a HCCU piggy bank so they can watch their money grow!   

                                         Year           Balance

                1              $650.26

                2              $1,251.00

                3              $1,852.22

                4              $2,453.92

                5              $3,056.11

                6              $3,658.77

                7              $4,261.92

                8              $4,865.55

                9              $5,469.67

                10           $6,074.26

                11           $6,679.35

                12           $7,284.91

                13           $7,890.96

                14           $8,497.50

                15           $9,104.52

                16           $9,712.02

                17           $10,320.02

                18           $10,928.49

Final Savings Balance: $10,928.49

Post by: Kelly V