Youth AccountsMore than a Savings Accounts

Empowering the next generation of financial leaders with Kaiperm CU

Empowering the next generation of financial leaders with Kaiperm CU

We're excited to celebrate our youngest members as part of Kaiperm family! As a special opportunity, our youth account holders can earn $25 towards their savings.

We’re inviting all kids ages 3 to 12 to participate, where they can display their creativity and will be eligible to earn $25 in their Pup savings account. All they need to do is:
 

• Download our coloring page, print it out, and let their imagination run wild.
• Once your child has completed their artwork, simply go to the form linked below to fill out the child’s information along with the parent/guardian’s name, phone number.
• Finally upload the completed coloring page to receive a prize of $25 added to their youth savings account.

 
For our older youth members ages 13 to 17, we’re offering an exciting opportunity to earn some extra cash while also learning valuable financial skills. To help our young members get started on the right foot, we’re offering a 5-step online course that covers essential financial topics such as budgeting, saving, and credit. Once they complete any one of the courses, we’ll add a $25 reward to their Student savings account. All they need to do is:
 

• Go to Balance Financial education for Teens & College Students linked below and create a login (https://kaipermcu.balancepro.org/programs/balancetrack-teens)
• Once your child has completed any one of the courses, simply go to the form linked below to fill out the child’s information along with the parent/guardian’s name, phone number
• Finally upload their certificate of completion

 

Pup Savings and Student Savings Accounts must be fully funded with the minimum initial $25 Deposit. $25 to be deposited to Pup Savings or Student Savings account within 30 days of form submission. Limit one $25 per Youth Account.

The Youth are the future, and we’re here to nurture them. Kaiperm’s Youth Accounts are designed for our youngest members to learn about money by providing the tools they’ll use as adults – but designed specially for children. Our Pup Account is for children up to age 12, and for our teenage members, our Student Account is designed to help them build healthy financial habits that will carry them into adulthood.
Open your child a Youth Account today!

More Than a Savings Account

Kaiperm Pup Account (age 0-12) comes with:

• Kaiperm drawstring backpack
• Pup certificates
• Higher dividend rate
• No maintenance fees

Kaiperm Student Account (age 13-17) comes with:

• Kaiperm drawstring backpack
• VISA Debit Card with customizable spending limits
• Higher dividend rate
• No maintenance fees

Financial Education for Teens & College Students

Rate Effective Date: July 1, 2023

Compare Our Savings Accounts	Kaiperm Pup Account Open now	Kaiperm Student Account Open now
Age qualification	0-12 years old1	13-17 years old2
High-Yield Savings Account5	0.5% APY4 on the first $10,0003 Minimum Opening Deposit $25	0.5% APY4 on the first $10,0003 Minimum Opening Deposit $25
High-Yield Certificate Account5	12-month Pup Certificate earns 7.00% APY, with unlimited add-ons up to $500 maximum balance	12-month Student Certificate earns 7.00% APY, with unlimited add-ons up to $1,000 maximum balance
Youth Checking Account5	Not Available	Available. Daily Limits and alerts can also be setup.
Visa® Debit Card	Not Available	Free and accepted at over 23 million locations worldwide
Account ownership	The minor is the Primary owner of funds and the Joint Owner (ex. parent, guardian, grandparent) controls the account	Minor and Joint Owner share controls
Minimum opening deposit	$25	$25
Federally insured by the NCUA

¹ Account will convert to Kaiperm Student account on 13th birthday
² Account will convert to a regular Kaiperm account on 18th birthday
³ Calculated based on average daily balance. Earn 0.5% APY balances up to $10,000 and 0.10% on all other balances
⁴ APY = Annual Percentage Yield.
⁵ Limit 1 per minor social security number.
*Based on monthly deposit of $40 on the first of each month and example of calculation based on 5.00% APY for 12 months, compounded monthly.
Dividends are paid monthly based on average daily balance.

This page is in compliance with the Children’s Online Privacy Protection Act (COPPA) and does not collect or retain information from any visitor to the page including children under the age of 13. For more information on The Children’s Online Privacy Protection Act please read Frequently Asked Questions about the Children’s Online Privacy Protection Rule.

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