The FAT CAT Youth Program is kicking off this month at your local branch. These share accounts are available to children ages 12 and under, who are SECU members or eligible for membership. The FAT CAT account can be individual or joint with a parent. Fees, other conditions, or early withdrawal penalties may reduce the earnings on this account.
Interest is compounded daily and paid monthly.
Children receive a passbook with the opening of a FAT CAT account to keep a record of their transactions. They will also receive a FAT CAT member card. They will be able to watch their balance grow with each deposit and interest payment. The account will instill at an early age the value of saving money. Ask your local branch or the Phone Center about the FAT CAT youth program.