Children who develop a pattern of saving, tend to continue that habit into adulthood. With a Head-Start Savings (joint) account, Members under 18 years of age earn our highest rate of interest as an annual percentage yield of on funds up to $1,000/account. The funds in the account, that are over $1,000 earn at the regular savings rate. Once the Member turns 18 all funds in the entire account earn at the regular savings rate.
WCTFCU deposits $10 into Head-Start accounts opened prior to baby’s 1st birthday. Annually, we select a $25, $50 & $100 winner from prior year’s new >1-year old’s accounts.