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?
That’s where a People Driven Credit Union Youth Certificate of Deposit (CD) comes in.
Why Give a CD as a Gift?
A Certificate of Deposit (CD) is more than just money set aside; it’s a lesson in patience, saving, and financial growth. By giving a child a CD, you’re not only putting money into their account, but you’re also showing them how savings can earn more over time. Unlike a toy that breaks or gets left behind, the value of a CD continues to increase, creating a gift that lasts.
Kids may not exactly jump up and down when they unwrap a CD. At five years old, they’ll still prefer the Lego set. But here’s the twist: while they may not “appreciate” the gift right away, the CD itself will appreciate in value. And by the time they see the balance grow, their appreciation for the gift will grow right along with it.
The Benefits of a Youth CD
At People Driven Credit Union, our Youth CD is designed especially for members under 18. Here’s why it makes an excellent gift:
- Low minimum to open: Start with just $25.
- One-year term: Short enough for kids to see results quickly.
- Competitive rates: Earn 4.50% APY² on the first $10,000 and 2.75% APY² on balances above that.
- Teachable moment: A Youth CD is a great way to introduce children to the value of saving for the future.
- A gift that grows: Even if kids don’t fully appreciate it now, they’ll thank you later when they see how their money has grown.
Membership Eligibility
To open a Youth CD, the child must be a member of People Driven Credit Union. If you’re the parent or guardian of the child, both you and the child will need to be members. Eligibility requirements apply.
A Different Kind of Gift
Imagine giving a child a Youth CD for a birthday, holiday, or graduation. Along with the excitement of opening presents, you’re giving them something far more lasting: the knowledge that their future is important, and that saving money today can pay off tomorrow.
It’s a thoughtful, practical way to show you care, whether you’re a parent, grandparent, or family friend.
Start Their Journey Today
Give the gift that grows. Open a Youth Certificate of Deposit (CD) online, at any of our branch locations, or contact us to learn more.
²APY = Annual Percentage Yield. Rates are accurate as of the current date and are subject to change. Minimum opening deposit is $25. Additional deposits permitted until maturity. Early withdrawal penalties may apply and could reduce earnings. Membership required; eligibility restrictions apply. Federally insured by NCUA.
