Why Open an Account?
Do you keep your money in a jar or piggy bank? While that works, it’s not always safe, and you can’t take it everywhere. Opening an account at your credit union keeps your money safe, and you won’t have to worry about losing it!
Many kids open an account with a parent or guardian. Both of you can put money in or take it out when needed.
Types of Accounts You can choose between two common types of accounts:
- Checking Account: This lets you buy things with a debit card. The money comes straight from your account, so you don’t need to carry cash.
- Savings Account: This helps you save money and earn interest, which means the bank or credit union gives you a little extra money just for keeping your money there! If you need cash, you’ll go to an ATM or the bank.