Youth Accounts
The future can bring you wonderful things. The best way to be sure it does is to nudge it in the right direction. CP FCU offers multiple youth accounts to provide a jumpstart on great future.
In addition to Kirby Kangaroo for kids and CU Succeed for teens, we've developed Great Expectations. These accounts earn much greater dividends than regular savings, as long as they are used for their dedicated purpose—like college or a car. Parents can participate to help encourage good savings habits.
- Kirby Kangaroo Club
The Kirby Kangaroo Club is a savings program designed for kids up to 12 years of age. It's the fun way to learn about money!
- Free savings account with savings passbook
- Competitive dividends
- Kirby Kangaroo games, activity pages, and more
- Invitations to Kirby Kangaroo events
- Quarterly newsletters
Visit the Kirby Kangaroo Clubhouse. Kids learn about saving and other important financial topics that will last them a lifetime.
- CU Succeed
CP FCU's Great Expectations accounts are a great way for teens to get a jumpstart on their future. But there's so much more teens can learn about money.
Visit CU Succeed to learn about credit and how to manage your money like the best of them! These tips and resources can help teens start building their financial independence today.
- Great Expectations
Each Great Expectations account earns a full 1.00% APY* over Regular Share Savings rate. When the account is closed to use for its intended purpose, CP Federal will provide additional gift to reward your good savings habits.
Education Savings Club
- CP FCU will pay an additional 5% of final amount when account is closed and disbursement check is made to a college (up to $200).
- If account is closed and check is made payable to an entity other than an educational institution, an early withdrawal penalty is applied.
First Auto Savings Club
- Receive discount of 0.25% APR off auto loan when account is closed and disbursement check is made to auto dealer or verified individual seller.
- If account is closed and check is made payable to an entity other than an auto dealer or verified individual seller, an early withdrawal penalty is applied.
First Home Savings Club
- Available to all ages.
- Maturity as early as 18 years of age.
- CP FCU will pay a $200 credit toward closing costs when account is closed and disbursement check is made to the mortgage title company.
- If account is closed and check is made payable to an entity other than a title company, an early withdrawal penalty is applied.
A parent/guardian signature is required to open any Great Expectations Savings Club account if the account holder is under 18 years of age. Any withdrawal prior to account holder turning 18 years of age requires parent/guardian signature on check. When money is withdrawn, account will be closed automatically.
*APY = Annual Percentage Yield
