Accounts for Kids and Teens
No matter the age of your kid or teen, we have the right account for them to learn how to save and manage money wisely! Whether they're saving for toys, bikes, their first car or their senior trip, these accounts can help them develop crucial savings skills before they become adults. All kid and teen accounts are eligible for a special "Happy Birthday Money" Certificate Account that matures on their birthday every year!
"Happy Birthday Money" Certificates
"Happy Birthday Money" Certificate Accounts allow parents and grandparents to jump-start their child's savings. This certificate earns a special dividend rate for balances up to $500.00. Certificate balances over $500 will pay the one-year CD rate. Dividends will be paid at maturity on the child’s birthday. Deposits may be added each year on the child’s birthday. The minimum opening deposit is $100.00. View our current rates.
My First Nest Egg App
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At Heritage South, we recognize that it's essential to teach our children good money habits now! That is why Heritage South has partnered with My First Nest Egg to give every child the financial education they deserve. My First Nest Egg is a chore and allowance app with a robust financial literacy curriculum that is fun for kids and easy for parents to use. Members can sign up today for your FREE subscription (paid for by Heritage South - a $40/yr value) using our invitation code "HeritageSouth" to get started. Click here to learn more about the My First Nest Egg App.
Accounts by Age Group
Heritage South Chipmunks
Our Chipmunk Accounts are designed to teach kids 8 and younger the basics of saving. If a Chipmunk deposits $10 per month for six months (and keeps this $60 on deposit), they'll be entered into a drawing to win prizes! Chipmunks will also be rewarded for good grades in school. Bring in the Chipmunk's report card with all A's and B's and they will gain an extra entry in the drawing (limit one extra entry per drawing per child)! If the Chipmunk's class uses a grading scale other than A's/B's, then the top two available grades for their class will be used. We will conduct this drawing twice a year. Don't forget - Chipmunks are eligible for a "Happy Birthday Money" Certificate Account! You can learn more about this special certificate at the top of the page. Chipmunks also have access to the My First Nest Egg chore and allowance app. Learn more about My First Nest Egg.
Squirrel Savers
Kids 9 - 12 years old are our Squirrel Savers! These accounts are for kids preparing to become teens and are learning basic money skills. If a Squirrel Saver deposits $10 per month for six months (and keeps this $60 on deposit), they'll be entered into a drawing to win prizes! Squirrel Savers will also be rewarded for good grades in school. Bring in the Squirrel Saver's report card with all A's and B's and they will gain an extra entry in the drawing (limit one extra entry per drawing per child)! If the Squirrel Saver's class uses a grading scale other than A's/B's, then the top two available grades for their class will be used. We will conduct this drawing twice a year. Don't forget - Squirrel Savers are eligible for a "Happy Birthday Money" Certificate Account! You can learn more about this special certificate at the top of the page. Squirrel Savers also have access to the My First Nest Egg chore and allowance app. Learn more about My First Nest Egg.
Teen Cache
Our Teen Cache Accounts help prepare our teenage members (age 13 - 18) for adulthood. In addition to helping educate young members about financial responsibility, they introduce them to a wide range of Heritage South products and services that they will be using as they move into the next phase of their life. Different products and services are available to teens depending on their age, and parents are able to monitor their accounts online and easily transfer money. At age 13, Teen Cache accounts may have a checking account with online/mobile access. They are also eligible for a debit card if desired. Once they reach age 16, teens can begin to build their credit through our Teen Auto Loan program. This program requires a credit-worthy parent to co-sign, but with timely payment history, they will begin to build good credit for the teen.
Teens are also rewarded for good grades and making regular deposits! If a teen deposits $10 per month for six months (and keeps this $60 on deposit), they'll be entered into a drawing to win prizes! Teens will also be rewarded for good grades in school. Bring in the Teen's report card with all A's and B's and they will gain an extra entry in the drawing (limit one extra entry per drawing per teen)! If the Teen's class uses a grading scale other than A's/B's, then the top two available grades for their class will be used. We will conduct this drawing twice a year. Don't forget - Teen Cache accounts are eligible for a "Happy Birthday Money" Certificate Account! You can learn more about this special certificate at the top of the page.