An allowance can be a great way to start teaching your kids about money management. According to a survey by MintLife.com, 65 percent of parents think children should be given an allowance by the time they’re a teenager. No matter what age you start giving your kids an allowance, it’s important they learn to save their hard-earned cash. With a Wescom Youth Banking Account, you can instantly transfer funds from your Wescom account to your child’s account in the Wescom Mobile Banking App.
From now until September 30, 2023, when you open a new Wescom Youth Banking (0–12 years old) or Youth Banking Plus (13–17 years old) account for your child, they’ll get a free plush puppy1 and these great savings:
To open an account online or at a branch you’ll need:
1 Plush puppy is available for new Youth Banking Accounts and new Youth Banking Plus Accounts opened August 15, 2023 through September 30, 2023, while supplies last.
APY (Annual Percentage Yield) is accurate as of 8/01/2023 and subject to change without notice. Membership eligibility required. A $1 deposit to a Regular Savings Account is required. Fees or other conditions could reduce earnings. Terms and conditions apply.
2 The 2.00% APY is earned on Youth Savings Account balances up to $500. Balances over $500, will continue to earn the Regular Savings Account rate. Fees or other conditions could reduce earnings.
3 Minimum opening deposit and minimum balance to obtain 3.00% APY for College Saver Certificate is $250.00. Fees or other conditions could reduce earnings.
4 Birth Certificates are acceptable forms of ID for minors 0 to 14 years of age. Ages 15 to 17 must present one of the above picture ID types.
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