Youth Accounts

This April, join us in celebrating Financial Literacy Month with S.T.A.R. Club and Cosmo! Teaching the importance of saving at a young age sets kids up for a bright financial future.

Between April 1-30 enter to win tickets to a local science center. At the end of the month, each branch will give away tickets. Visit today to open a new S.T.A.R. Club account or make deposits to your child’s existing S.T.A.R. Club account and show them the importance of savings.

Entering is easy:

Open a new youth savings account using code: STAR to receive 3 entries
Get 1 entry for every 5th deposit

Offer available for S.T.A.R. Club youth savings account (0-12 years) opened in Alabama and Tennessee. Only one drawing per branch.

Teaching children the value of money and importance of saving is at the heart of what we do. From a kid’s first savings account to a checking account when they become a teen, Redstone encourages a lifetime of financial learning and responsibility.

Start Today At Redstone (S.T.A.R.)

A savings account is a great way to teach your child some of the basics of money management. Start building smart money habits at a young age so kids gain valuable practices to set them up for success as they grow.

At Redstone, children age 0 to 12 who open their first savings account automatically become part of S.T.A.R. Club® and will receive:

Piggy bank at account opening
Free use of the coin machine
A record keeper for in-branch deposits
Periodic special event invitations

Youth Checking

When your child turns 13 they can open their own checking account. Our Safeguard Checking helps protect teens from overspending as they learn financial responsibility with a debit card. For teens age 13 – 15, a parent or legal guardian is required to be on the account, so you can help guide them with their finances too. (Older teens aren’t required to have a joint owner, but it’s recommended.)

Safeguard Checking is free for our youth members and features:

No NFS fees*
No paper checks
Free money orders
No monthly maintenance fee

Spend, Save, and Share!

At Redstone Federal Credit Union, we believe in providing strong financial values and principles in our youth. Help your child learn these principles to set the stage for a secure financial future.

Spend
Everyone spends money; the key is to teach your child how to spend wisely. Involve your child while out shopping. Include them in making spending decisions and help them understand the reasons behind these choices.

Save
Saving is important. Talk to your child about budgets and encourage them to create their own. Share with them the reasons to save for the future. Help them understand that even though you can’t buy everything you want, saving and planning for a future goal is rewarding.

Share
Sharing with those less fortunate is fulfilling and valuable. Let your S.T.A.R. Club member find a charity they like and help them find ways to donate time, money and resources to help others.

Open a S.T.A.R. Club savings account

Offer valid 4/1/2024 – 4/30/2024. Membership required for all RFCU products. For membership information visit redfcu.org/join. A $5 minimum balance is required to open a share savings account and must be maintained in this account at all times. Age and other restrictions apply. As of March 1, 2024, the Annual Percentage Yield (APY) for the share savings account is 0.45% and is subject to change monthly after share savings account is opened. The APY is accurate as of the last dividend declaration date. Fees and other conditions could reduce the earnings on the account. Please contact RFCU for current share savings rate information. Winners will be selected by random drawing from all eligible entries received during the Giveaway Period. The drawing will be conducted within ten (10) days following the end of the Giveaway period. Winners will be notified of their selection no later than May 10, 2024. Other restrictions apply.

*If you do not have sufficient funds available in your account to cover a transaction, the transaction will be declined in most cases. However, based on how the payment transaction was presented to Redstone and whether the merchant requested available balance verification, it is possible a payment could be posted to your account resulting in an overdraft situation. In the rare case that your account is overdrawn, Redstone will not charge you a non-sufficient funds (NSF) fee.