The Hi 5 Youth Savings Account can start to turn the American tide toward savings and grow financial literacy, member loyalty, and household penetrations. The program provides a stronger incentive for members to embrace saving by offering a monthly “matching” deposit to an established youth account and by requiring mandatory financial education be completed by the youth before account money is available at age 18. The Hi 5 Account forms a partnership between the parent(s) who deposit(s) money, the credit union that rewards those deposits with matching funds, and the child who learns and reaps the benefits of saving.
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floridacentral Credit Union