START SAVING FOR THE FUTURE!
Open a YOUTH iSAVE account today. 1.00%APY*
Their Journey to Financial Independence Starts Here.
What it means to be a Youth SAVER.
Let’s face it, saving money is no easy task in this spend first world we live in. It’s the discipline to avoid spending when you don’t have the money, making and sticking to a budget, and prioritizing your needs that make you a SAVER. And BHCU respects a SAVER.
BHCU’s iSAVE account rate is variable but it is not a “teaser rate.” This is a high-yield savings account designed exclusively for BHCU members. In keeping with the intention of being a long-term savings account, each SAVER will earn the highest interest rate if no more than one (1) withdrawal is completed monthly. However, if a SAVER makes more than one (1) withdrawal that account will still receive our highly competitive “Regular Share” interest rate during that month.
|Interest Rate||-1.00% APY¹
-Interest is compounded daily and credited monthly
|Benefits||-No fixed term
-No fees, no minimum balance requirement = no problems
-Interest rate may rise
-24/7 account access
-Insured up to $500,000
-Each member can have multiple Youth iSAVE accounts
|Risks||-Multiple monthly withdrawals will result in a lower interest rate
-Interest rate may fall
|Account conditions²||-New money only³
-When member turns 18 it will automatically roll into an iSAVE Savings account
-Consumer accounts only
-A Youth iSAVE account does not replace a Regular Share account
|Deposits||-Max opening deposit cannot exceed $5,000
-Monthly deposits cannot exceed $1,000
|Withdrawals||-Regular Share rate will be applied for any month in which more than one (1) withdrawal occurs|
|Eligibility||-Exclusive to BHCU members only
-Members ages 0-17