Category: Youth Accounts
Understand APY and How It Can Grow Your Savings
If you’ve ever opened a savings account, CD, or money market account, you’ve likely seen the term “APY.” But what does it really mean, and why does it matter for your savings growth? Understanding APY can help you make smarter choices about where to keep your money and how to earn more over time. To truly understand APY, keep reading. ...
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Back-to-School Financial Checklist for Parents and Students
As families gear up for another school year, it’s not just the backpacks and pencils that need attention, your budget does too. From kindergarten to college, each new school year brings expenses that can quickly add up. But with a bit of planning, you can keep your finances on track and still set your student up for success with this ...
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Credit Unions vs. Banks: Why More People Are Making the Switch
If you’ve ever wondered why more and more individuals are choosing credit unions vs. banks, you’re not alone. Credit unions have surged in popularity, thanks in part to their unique member-focused approach, competitive rates, and community-driven missions. This article delves deeper into the reasons behind this shift, exploring the advantages credit unions offer over traditional banks, and why they may ...
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Back-to-School Financial Tips for Parents and Students
Back-to-school season is exciting, but let’s face it, it can also be expensive. From school supplies and clothes to college tuition and tech upgrades, costs can add up quickly. Whether you’re a parent prepping for elementary school or a student heading off to college, a little financial planning now can save a lot of stress later. Here are smart, budget-friendly ...
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Why a Youth CD Makes a Good Present for Kids
When you’re searching for the right gift for a child, it’s easy to think of toys, games, or the latest gadget. But while those things bring instant excitement, they often lose their shine quickly. What if you could give a gift that keeps growing and teaches a valuable life lesson along the way? One such gift is the Youth CD, ...
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What Is Compound Interest and Why It Matters
Make Your Money Work for You Want to grow your savings without working harder? That’s the power of compound interest. Whether building a rainy-day fund or saving for long-term goals, compound interest is one of the most innovative tools to help your money grow with minimal effort. What Is Compound Interest? Compound interest is interest earned on your original deposit ...
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How to Teach the Value of a Dollar to a Child
Turn coins into confidence—one lesson at a time. Kids are naturally curious about money: where it comes from, what it’s used for, and how they can get more of it. Teaching the value of a dollar is one of the most important life lessons you can pass on—and it’s never too early to start. Helping children understand what money represents ...
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Why Starting Financial Education Early Matters
Give your kids the tools to thrive, Starting Financial Education Early. It’s never too early—or too late—to start teaching kids about money. Whether your child is still learning how to count or preparing for their first paycheck, building a strong foundation in financial literacy can shape their future in powerful ways. At People Driven Credit Union, we believe that smart ...
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Big Dreams Start with Small Savings in Youth Accounts
Start strong. Grow smart. Save with confidence. Helping young people build healthy financial habits with youth accounts is one of the best investments we can make in their future. Whether you’re a parent opening your child’s first savings account or a teen starting to manage your own money, where you choose to save matters. At People Driven Credit Union, we ...
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Why Credit Unions Are the Place for Young Savers
Why Credit Unions Building strong financial habits starts with the right foundation. If you’re a parent, grandparent, or young adult thinking about where to start your financial journey, choosing the right place to save money is a big decision. While big banks often dominate the conversation, credit unions offer some of the best advantages for young savers. Especially—including better rates, ...
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