Cedar Point wants to help members of all ages learn and practice financial responsibility. And what better way to teach our younger members than by opening an account? Learn about our Looney Tunes and YOUth Savings club accounts below.
Open a new Youth Account between August 1 and October 1, 2018, and Cedar Point will deposit a $25 dividend in the account*! For every account opened, Cedar Point will donate a back pack and school supplies to students in our local districts. Be sure to read about how Cedar Point is making a difference in the community with our School Supply Drive.
Read the FAQ below to find out about this special account opening offer!
|Who is Eligible?
||Dependent children of those eligible for Cedar Point membership are eligible to open a Youth Account. The account requires a $5.00 minimum deposit and must be opened "in care of" a responsible adult who is in the Cedar Point Field of Membership.
|What do I need to open a Youth Account?
||To open a Youth account, you must bring along the youth's Social Security card or Birth Certificate (with SSN available.) The responsible adult opening the account will need a driver's license or valid government issued ID. If the ID does not include a physical address, the responsible adult must provide other proof of address.
|Can I give a minor permissions to make transactions?
||Yes. Provided the youth has reached 14 years of age, the responsible adult can opt to give the youth permission to make the following transactions: deposits, withdrawals, cash checks, have a checking account, have a Visa Debit Card. The youth must have a valid government issued ID to be given such permissions.
|How many accounts can I open?
||Only one new Youth Account per child is eligible for this promotion.
|When will the $25 be deposited in my Youth Account?
||Accounts must be open for 60 days to receive the $25 dividend. The $25 dividend will subsequently be deposited into the Youth Account within seven business days of the end of that 60 day period.
||Annual Percentage Yield (APY)
|Minimum Balance to Earn APY
|Rate Information for Youth Accounts is accurate as of August 1, 2018
*This offer does not apply to current Youth Account owners
Youth Account Eligibility
Dependent children of those eligible for Cedar Point membership are eligible to open their own Looney Tunes or YOUth Savings Club account. The account requires a $5.00 minimum deposit and must be opened "in care of" a responsible adult who is in the Cedar Point Field of Membership.
Children through the age of thirteen are members of the Looney Tunes Club. On their fourteenth birthday they are automatically transferred to the YOUth Savings Club. YOUth Savings Club members become full members of the credit union on their eighteenth birthday. Looney Tunes members will receive a gift with each deposit. The A's=$$$ and "A"chievement Award programs listed below are open to all children through high school.
For every "A" the student receives in Reading, Writing, Math, Science, Social Studies, or other Fundamental Requirements, Cedar Point will deposit $1.00 in the student's account! Please bring in the report card and the tellers will be happy to help you. There is a maximum $5.00 per report period. Parents and guardians are strongly encouraged to match.
The deadline for each report card is set for approximately one month after the scheduled report card date as posted for St. Mary's County Schools.
"A" chievement Awards
If a student is on the "A" Honor Roll, (Highest Honors) bring in a copy of the report card. The student will be entered into a special drawing at the end of the year for $100.00 Cash!
Based on the St. Mary's County School District Calendar 2018-2019.
|Marking Period||Report Cards Distributed||A's=$$$ Deadline|