Thanks for keeping up with our Friday Focus! This is the 4th article in our Top 7 Ways to Give the Gift of Savings Series. Keep reading for the next 3 weeks to learn about different ways to save during the holidays.
The holidays are approaching, and we know that you are racking your brain trying to think of the perfect gift for the kids in your life. We know that they may want video games or toys, but this year consider giving your young loved ones the gift of savings.
By putting the same amount of money you would have spent on those other gifts into a savings account or CD, you’ll be providing for the child’s future and teaching him or her the value of savings.
There are a couple of ways to give the gift of savings; let’s take a look:
Set Up A Savings Account In Their Name: Whether you open a new account with their own member number, or just open a special savings under your member number, you can continually put money in it during holidays and birthdays. It’s a great way to get them started saving, and it’s easy to set up. Just stop into an office and talk with one of our Member Service Representatives.
Set Up A Certificate of Deposit (CD) In Their Name: A CD may be just what you need to give the gift of savings. CDs at Consumers offered with our youth accounts have a minimum deposit of just $100. Plus, they have a nice interest rate and can be renewed every year if you’d like to make annual deposits.
Stop in or call, and we can help find the right option for you. This year, when you are thinking about all the gifts you are getting for the important people in your life, consider giving the gift of savings; the gift that truly keeps on giving.