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Opening a Youth Account

Fun Bucks

Fun Bucks Youth Savings Program

The CFE Fun Bucks Savings Incentive Program  encourages young members to save for the future by earning up to $400 each year in CFE Fun Bucks! As long as no withdrawals are made from the Fun Savings Account within the aged-based category, the amount earned in the Fun Bucks account will grow.1

 

 

Grow your youth account with Fun Bucks!

 

How it works:

  • Open a regular youth savings account with a minimum deposit of $5. Withdrawals and deposits are unlimited.
  • Establish a Fun Savings account and earn Fun Bucks when at least $10 is deposited to the Fun Savings account per quarter. Earn 5% of the total quarterly deposit in Fun Bucks for a maximum of $100 per quarter.
  • Fun Bucks automatically post to the Fun Bucks account on the last day of each quarter.
  • Youth members will get an activity insert. Complete and take to any branch for a chance to win 50 additional Fun Bucks.2

Want additional information?


1Fun Bucks are paid quarterly and the rate is 5% on deposits of $10 or more with an APY (Annual Percentage Yield) of 5.09%. Maximum Fun Bucks earnings per quarter may not exceed $100. Funds awarded and deposited into the Fun Bucks Account are contingent upon certain restrictions that apply. If young members withdraw funds from their Fun Savings Account, they forfeit any Fun Bucks earned. There is no penalty for making withdrawals from the regular youth savings account or withdrawing funds from the Fun Bucks account during the full year youth members are 12, 15, or 18 years of age.


2If you are the winner of the 50 additional Fun Bucks prize you will be taxed upon withdrawal or transfer. Consult your tax professional for more information. CFE Federal Credit Union employees and their immediate family members are not eligible. Please refer to your Fun Bucks activity insert for submission deadlines. Winner will be notified.