Youth Account Services

Youth Account Services

Youth Account Services ucffedcu.org/student Saving is Important at Every Age. Just as good nutrition is important for your child s growth and development, learning to save at an early age will help promote their financial well-being. At UCF FCU, we encourage our young members to save by making it fun and rewarding. As your child grows, they ll need a savings program that offers products and services to meet their changing needs. We offer a Youth Savings Account for every age from childhood to young adulthood.

Explorers Children up to 11 Years Old Your child is at an age when curiosity and exploration of the world around them is natural. They learn through fun activities and rewards. When your child opens an Explorers Account with a minimum deposit of $5, they ll receive a special gift to encourage future saving activity. Each time they stop in one of our branches to make a deposit, they ll receive a fun prize. They ll earn dividends on their balance of $50 or more. Plus, they can earn Fun Bucks worth 5% of deposits of at least $10 by the end of each quarter, if they participate in the Savings Incentive Program. Which could earn as much as $400 extra per year! 1 They may withdraw the cash within the year they become an Adventurer, or keep on saving to earn even more. FREE gift at account opening FREE 24/7 account access through MATT Web, MATT Phone and Mobile Banking Eligible for Savings Builder Share Certificate Eligible for Savings Incentive Program featuring Fun Bucks 1 Maximum Fun Bucks earnings per quarter may not exceed $100. Funds awarded and deposited into the Fun Bucks Account are contingent with certain restrictions that apply. 2 A monthly inactivity fee of $6.95 will be assessed if Bill Payer is not used to pay at least one bill during the previous 90 days per suffix enrolled.

Adventurers Ages 12 14 At this age, many young members have already started to earn extra money babysitting, cutting lawns or delivering newspapers. Others earn a weekly allowance for performing chores around the house or receive cash for their birthday. In any case, our Adventurers Account is an ideal way for them to earn more with dividends on their savings balance of $50 or more. These young entrepreneurs may also purchase a Student Reloadable Visa Card. Plus, they can earn Fun Bucks worth 5% of deposits of at least $10 by the end of each quarter, if they participate in the Savings Incentive Program. Which could earn as much as $400 extra per year! 1 They may withdraw the cash within the year they become an Innovator, or keep on saving to earn even more. FREE gift at account opening FREE 24/7 account access via MATT Web, MATT Phone and Mobile Banking Eligible for Savings Builder Share Certificate Eligible for Savings Incentive Program featuring Fun Bucks Eligible for Student Reloadable Visa Card 1 Maximum Fun Bucks earnings per quarter may not exceed $100. Funds awarded and deposited into the Fun Bucks Account are contingent with certain restrictions that apply. 2 A monthly inactivity fee of $6.95 will be assessed if Bill Payer is not used to pay at least one bill during the previous 90 days per suffix enrolled.

Innovators Ages 15 17 As they enter the world of part-time employment, teens are beginning to drive and become more independent. With this new independence comes a need for a checking account with a debit card, a credit card, ATM access and 24-hour online access with bill payment capabilities. Our Innovators Account offers all of these products and services and more. They ll earn dividends on their balance of $50 or more. Plus, they can earn Fun Bucks worth 5% of deposits of at least $10 by the end of each quarter, if they participate in the Savings Incentive Program. Which could earn as much as $400 extra per year! 1 They may withdraw the cash within the year they become age 18 and transfer into a Horizons Account, or keep on saving to earn even more. FREE gift at account opening FREE 24/7 account access via MATT Web, MATT Phone and Mobile Banking FREE online Bill Payer 2 FREE Visa Debit card or ATM card Eligible for Savings Builder Share Certificate Eligible for Savings Incentive Program featuring Fun Bucks Eligible for Student Reloadable Visa Card Eligible for Platinum credit card with parent or guardian as co-maker 1 Maximum Fun Bucks earnings per quarter may not exceed $100. Funds awarded and deposited into the Fun Bucks Account are contingent with certain restrictions that apply. 2 A monthly inactivity fee of $6.95 will be assessed if Bill Payer is not used to pay at least one bill during the previous 90 days per suffix enrolled.

Savings Incentive Program Fun Bucks At UCF FCU, we encourage young members to develop a lifelong habit of saving for their future. We ve made it fun and rewarding with our Saving Incentive Program. By participating in the program, your child can earn up to $400 each year in Fun Bucks! 1 Here s how it works: First, open a regular share savings account for a child. The account can be opened with as little as $5.00 and earns our regular share savings dividend rate. Deposits and withdrawals may be made just like a regular share savings account. Next, to enroll in the Saving Incentive program, establish a Fun Savings account for the child. The Fun Savings account is where you or the child will deposit money that is intended for long-term savings. As a reward for leaving the money in savings, the Fun Savings account will earn Fun Bucks. When $10 or more is deposited into your child s Fun Savings account each quarter, we will send your child a Fun Buck worth 5% of the total amount of deposits up to $100 per quarter or $400 per year. The child can bring the Fun Buck to any UCF FCU/CFE branch or they can mail in the Fun Buck for deposit to their Fun Bucks account. Fun Bucks really grow as the years go by. As long as no withdrawals are made from their Fun Savings Account during the time they are qualified for a particular youth group (i.e. Explorers: through age 11; Adventurers: through age 14; Innovators: through age 17), the amount earned in Fun Bucks deposits is theirs to keep! Savings Builder Share Certificate All youth accounts offer the ability to open a Savings Builder Share Certificate, a 6 month certificate with automatic renewal. With as little as $5, you can begin building your child s savings. With the capability to add funds to it at any time, you can build it however and whenever you wish. It earns a higher dividend rate than a regular savings account. Plus, as it grows to a higher balance, the rate climbs, too. The more your child saves, the more money they can earn. 1 Maximum Fun Bucks earnings per quarter may not exceed $100. Funds awarded and deposited into the Fun Bucks Account are contingent with certain restrictions that apply. A 1099 tax form will be issued by UCF FCU only for the year the member has met the contingencies necessary to receive the funds. Please consult your tax advisor with any questions.

Locations: Challenger Parkway Branch 12253 Challenger Parkway Orlando, FL 32826 Phone: (407) 249-0008 Fax: (407) 380-2080 Campus Branch Universi ty of Central Florida JT Washington Center - Bld. 26, Room 107 Orlando, FL 32816 Phone: (407) 823-3176 Fax: (407) 823-5534 University Commons Branch 12226 Corporate Boulevard, Suite #100 Orlando FL 32817 Phone: (321) 281-1959 Fax: (407) 482-1216 Phone: 407-249-0008 (UCF FCU Member info line) Online: www.ucffedcu.org facebook.com/ucffed twitter.com/ucffcu 1/12 Federally insured by NCUA