Teen Spend
and Save

Give your teen the tools to build financial independence.

Ages 14-17: Build independence and smart money management skills.

Why Choose Teen Spend and Save?

Give your teen the tools to build financial independence with our Teen Spend & Save Program, designed for ages 14 to 17. At Park City Credit Union, we empower teens to learn smart saving and spending habits while providing parents with the oversight needed to guide them.

Teen Dreams Certificate

Flexible Terms: Available in 6-month or 12-month options.¹
Low Minimum Deposit: Open with as little as $100.
Add-On² Features: Encourage ongoing saving with the ability to deposit additional funds throughout the term.

Teen Cash Back Spending Account

Earn 2.50% Cash Back on Debit Card Purchases³: Reward teens for responsible spending with cash back on purchases.
- Qualifiers: Enroll in eStatements
- Have 5 debit card transactions post and settle within the month
Debit Card Options: Choose from seven designs: with lower daily limits appropriate for teens.
- Cards can also be added to a mobile wallet⁴ for secure, digital payments.
Mobile App⁵ and eServices: Manage funds easily on the go, with tools like Mobile Deposit⁶.
Debit Card Round-Up⁷: Automatically save spare change from purchases.
Quarterly Round-Up Drawing8: A fun incentive for saving-members are automatically entered when they have a round up transfer.

Additional Features for Teens and Parents

Custodial⁹ or Joint Memberships: Choose the right level of access—teens can either have limited or full control with a joint account.
Access to Banzai Youth Financial Wellness Center: Educational resources to help teens learn essential financial skills.

Fun and Interactive eServices

Make financial management exciting with these digital tools:

Round-Up: Automatically save by rounding up purchases.
Mobile Deposit: Deposit checks quickly through the mobile app.
Card Controls¹⁰: Lock and unlock debit cards for added security.
eAlerts¹⁰: Stay updated with notifications about balances, transactions, and more.
Cross Account Transfers¹⁰: Easily move funds for allowances or rewards.
See-Jump¹⁰: See-Jump enables parents to seamlessly jump into their child’s online banking account to see all activity, perform transactions and monitor the debit card. This offers proactive oversight and the ability to enable or disable the card as needed for enhanced financial management. Talk to staff to sign up.

Explore Our Debit Card Designs

Teens can choose from 7 unique debit card designs. Check out your options below:

Plus, access to:

Youth Savings

Save Smart: One Youth Savings account allowed per Social Security number to help teens grow their savings responsibly.
2.00% APY* on Balances Up to $500¹¹: Encourage savings with a competitive rate that helps their money grow faster.
Competitive Rates: A rewarding way for teens to develop healthy savings habits.
Digital Convenience: Includes a debit card and access to online banking so they can monitor their account anytime, anywhere.
Parental Oversight: Parents can help guide spending and saving decisions with tools for monitoring activity.

My First Certificate

Perfect for First-Time Savers: Requires only a $500 minimum deposit to open.
12-Month Term¹²: Teach teens the value of saving for long-term goals.
Add-On¹³ Deposit Option: Add funds at any time to grow savings faster.

Junior Investor Certificate

Perfect for Young Investors: Open with a minimum deposit of $100 to help your child learn about higher returns through longer-term savings.
6-Month Term¹⁴: A fixed term designed to encourage long-term savings habits.
Competitive Rates: Designed to offer excellent returns while fostering financial literacy.
Add-On¹⁵ Deposit Option: Make additional deposits during the term, making it easy to grow savings over time.

Junior Spending Account Features

- No Messy Checks: Simplify spending for your child with a debit card—no checks required.
- Debit Card Options: Choose from seven fun designs.
  - Lower daily limits designed for children’s spending habits.
  - Ability to add the debit card to a mobile wallet for easy, secure payments.

Mobile Access:

- Mobile App: Manage their account anytime, anywhere.
- Mobile Deposit and eServices: Available with flexible options:
  - With eStatements: Earn dividends at 0.50%.
  - Without eStatements: Earn dividends at 0.01%.
Debit Card Round-Up: Encourage savings with automatic round-ups on purchases, transferring spare change into their savings.
Quarterly Round-Up Drawing: A fun incentive for saving—members are automatically entered!

Access to Banzai Youth Financial Wellness Center: Interactive resources to build strong financial habits.

Ready to Get Started?

Help your teen build financial independence and confidence today with an account tailored just for them.

Schedule an Appointment Today!

Our friendly team is here to help you open an account and answer your questions.

*APY = Annual Percentage Yield. APYs accurate as of 10/14/2024. Rates may change after account is opened. The minimum to open account online is $5.

¹The minimum to open account is $100. A penalty may be imposed for early withdrawal. Primary owner must be between the ages of 14 and 17 years old to open an account and under 21 to renew.

²Minimum Add-on Deposit is $20.00.

³When monthly qualifications are met, you receive 2.50% cash back on debit card purchases that post to and settle account during monthly qualification cycle up to a total of $5 cash back per monthly qualification cycle. Qualifying transactions must post to and settle account during the monthly qualification cycle. Transactions may take one or more banking days from the date transaction was made to post and settle to the account. ATM-processed transactions do not count towards qualifying debit card transactions. “Monthly Qualification Cycle” is defined as a calendar month in which dividends are paid. Transfers between accounts do not count as qualifying transactions.

⁴Apple Pay® is a registered trademark of Apple Inc. Google Pay™ is a registered trademark of Google LLC. Samsung Pay® is a registered trademark of Samsung Electronics Co., Ltd.

⁵Messaging and data rates/fees may apply.

⁶Must qualify for mobile deposit in order to enroll. Wireless carrier data rates may apply.

⁷Park City Credit Union’s Debit Card Round Up program requires a qualifying checking account with Visa® debit card. Actual savings will vary based on debit card use. The program is not available for Health Savings Accounts, Platinum or Gold Money Market, UTMA/Custodial or Business/Organizational Checking. Each rounded amount will be between $0.01 and $0.99. Transfers will be completed in one lump sum at the end of each day. The credit union reserves the right to cancel or modify the Debit Card Round Up program at any time

⁸Qualification period begins at 12:01 a.m. CST on 01/01/2025 and continues through the calendar quarter. A new Qualification drawing period begins the first day of each new calendar quarter until terminated by the credit union. Must be eighteen years old or younger at the time of entry. All entrants must be a US Resident. Entrants do not need to be members of Park City Credit Union but must be eligible to join. Void where prohibited. Incomplete or inaccurate and entries are void. During the qualification period, the entrant must have an end of day round-up transfer to receive automatic entry to win $25.00. One (1) entry per end of day round-up transfer. No purchase is necessary to be eligible to win. To receive one (1) entry without a purchase write your complete name, mailing address, daytime phone number (with area code) and date of birth on a 3” x 5” postcard and mail entry to Park City Credit Union, QUARTERLY ROUND-UP DRAWING, 501 S Pine Ridge Ave., Merrill, WI 54452. Entries must be postmarked by the 15^th of the last month of the calendar quarter. Limit one (1) alternative entry per person. Winner will be selected in a random drawing held by the credit union on or about the 5^th of each month following the end of the calendar quarter. Winner’s parents or legal guardian on the account will be notified by text or phone. Prize will be deposited to the Regular Savings account (-000) tied to the spending accounts on or about the 10^th of the month following notification. Membership must be open and in good standings at time of deposit to receive the prize. If unable to contact the potential winner or potential winner is not in compliance with these Official Rules, prize will be forfeited and an alternative winner will be selected. Odds of winning varies based on number of eligible entries received. The information you provide will only be used for Park City Credit Union. Sponsor: 501 S Pine Ridge Ave., Merrill, WI 54452. The Sponsor is not responsible for the printing of or typographical errors in any Contest-related materials; for stolen, lost, late, misdirected, damaged, incomplete, illegal, or postage-due mail or entries; or for transactions that are processed late or inaccurately or are lost due to computer or electronic malfunction. The Contest sponsor reserves the right to withdraw or terminate this promotion at any time, without notice. Recipient is responsible for tax reporting.

⁹Custodial account refers to the Uniform Transfers to Minors Act (UTMA).

¹⁰Wireless carrier data rates/fees may apply.

¹¹For Youth Savings: (1) balances up to $500 receive APY of 2.00%; and (2) balances over $500 earn 0.01% dividend rate on the portion of the balance over $500, resulting in 0.81%-6.00% APY depending on the balance. Primary owner must be 17 years old or younger to open an account. Limit one account per primary owner’s SSN.

¹²The minimum to open account is $500. A penalty may be imposed for early withdrawal. Primary owner must be 17 years old or younger to open an account and under 21 to renew.

¹³Minimum Add-on Deposit is $20.00.

¹⁴The minimum to open account is $100. A penalty may be imposed for early withdrawal. Primary owner must be at or between the ages of 7 and 17 years old to open an account and under 21 to renew.

¹⁵Minimum Add-on Deposit is $20.00.

Credit terms & conditions, and other restrictions may apply.

Teen Spend
and Save

Give your teen the tools to build financial independence.

Ages 14-17: Build independence and smart money management skills.

Didn't find what you're looking for?

Contact Us

Services and Tools

Quick Info

Reference

NMLS #518120 – Membership Eligibility Required.
Routing Number #291580614

You are now leaving Park City Credit Union

Download the Park City Credit Union Mobile App.

Teen Spendand Save

Give your teen the tools to build financial independence.

Ages 14-17: Build independence and smart money management skills.

Didn't find what you're looking for?

Contact Us

Services and Tools

Quick Info

Reference

NMLS #518120 – Membership Eligibility Required. Routing Number #291580614

You are now leaving Park City Credit Union

Download the Park City Credit Union Mobile App.

Teen Spend
and Save

NMLS #518120 – Membership Eligibility Required.
Routing Number #291580614