Kid $mart Savings
Good money skills grow from early learning. Smart saving habits for young ones can be fun and educational with a Kid$mart savings. The Kids Club welcomes newborns, toddlers and school age children.
Kid$mart Savings Features
- Eagle Federal offers Googolplex which contains stories, games, and puzzles for elementary, middle, and high school student to learn about their money at a early age.
- Minimum deposit of $5 to open account.
- Earn competitive rates on every dollar after the initial deposit of $5.00 so your money can grow. Dividends are compounded and paid monthly on the average daily balance, from day of deposit to day of withdrawal.
- Your deposits are federally insured by NCUA up to $250,000
Federally Insured by NCUA
SAVINGS DISCLOSURE INFORMATION
Nature of Dividends - Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period. Dividend rates are declared periodically and are subject to change.
Average Daily Balance Computation Method - Dividends are calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. The period we use to make this calculation is monthly.
Effect of Closing an Account - If you close your account before dividends are paid, you will not receive the accrued dividends.
Fees and Other conditions may reduce the earnings on Savings, Premium, and Certificate accounts.
Certificate and Club Account Penalty - Penalty may be imposed for early withdrawals.
Variable Rate Certificates - Rates are adjusted on the 1st of each month. Rates are subject to increase or decrease according to changes in the 91-day T-Bill rate plus .35%.
Other terms and limitations may apply to these accounts. You may obtain a current copy of the "Terms and Conditions" brochure by contacting the credit union office. Need a copy of the "Terms and Conditions" brochure? E-mail us a request.