Special 7.07% YouthSaver Account
7.07%, like our area code. Best Youth Savings Rate –– By Far!
Talk about a golden carrot with which to jump-start your savings…You earn a whopping 7.07% dividend on the first $500 in your savings account. That’s 700 times better than you would get at any of the too-big-to-fail, taxpayer-funded banks!
- Available to North Bay students until the age of 20.
- Funds above $500 still earn, but at the regular savings rate (and our regular rate is still waaaaay higher than the banks!)
- Seven-Oh-Seven: Easy to remember, just like the Sonoma and Napa County area code. (Our local roots are deep: we started in 1961 as the Sonoma County Schools Credit Union.)
Note to adults: Against this backdrop of the recent worst financial meltdown since the Great Depression, and the Fed keeping deposit rates at near zero so the economy can get its footing, what better time to teach your teen about saving money? And how better to show your teen-thing real money-earning gains, even on modest saving balances, than with the 7.07% YouthSaver Account? All from the local financial cooperative that cares enough about kids to start them off on the right foot!