
Directions Credit Union realizes it is never too early to teach kids to be financially responsible. The MyLife savings products are great ways to help kids learn the basics of healthy saving and spending.
Throughout the year, we offer games and contests, along with appearances by
"Sparkles" our mascot to make saving with us fun and interesting.
With every deposit, kids can pick a prize from the prize chest.
Directions Credit Union wants to help kids build a solid foundation for their future...whatever direction it may take.
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The following links provide information to help parents make better financial decisions for their children, ages 0 to 12: Out in the Money Tree |
Description of Accounts:
MyLife Savings
A regular share savings account which pays a dividend rate on all funds. Saving has never been this easy or fun!
- Minimum opening deposit of $5*
- No maintenance fee
- Online account access
- Prize from the prize chest with each deposit
*MyLife Savings requires a minimum deposit balance of $25. This amount must be reached by the end of the first year of membership and is required before other MyLife products can be opened.
MyLife Goal Savings
Use a Goal Savings account to save for that new bike, sports camp, video game system, etc. You set the short-term goal, we'll help you get there.
- No minimum opening deposit
- Earn a higher rate of interest
MyLife Youth Share Certificate
Money from birthdays, First Communion, gifts from Grandparents? With a lower opening deposit and the ability to add to it, the youth certificate is a great way to teach kids about long-term financial goals.
- Minimum opening deposit of $100
- Terms of 12 or 24 months
- Add to certificate with a minimum of $25
- Earns higher interest rate than regular certificates
MyLife Automatic Allowance
Allowance has never been so easy or smart! Mom and Dad won't ever forget to pay, and the kids will automatically save it!
- Mom or Dad can sign up through CUOnline to have allowance automatically transferred from their account to their child's each month.