Student and Youth Products

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For a limited time, earn 1.50% APY☨ on an 18-month Share Certificate.

 

Youth Account Options

These Fees are Accurate as of: December 11, 2018

Subject Youth Savings Teen Savings boom Debit
Account Available to: Age birth - 12 years Age 13 - 18 Age 13 - 18
Opening Deposit Amount $5 $5 $25
Minimum Balance Requirement $5 $5 No
Dividends Paid on Account Paid monthly on first dollar deposited Paid monthly on first dollar deposited No
Monthly Service Fee No No No
Gift or Prize for Making Deposits Yes Yes Yes
Mobile Banking None Unlimited Unlimited
Mobile Bill Payment N/A N/A Free
24-Hour Phone Banking N/A Free Free
VISA® Debit Card No No Yes
Overdraft Protection from Savings N/A N/A N/A
Line of Credit Overdraft Protection Available N/A N/A No

These Rates are Accurate as of: December 11, 2018

Subject Rate APY*
Youth Shares 0.050% 0.050%

The minimum balance required to obtain the advertised APY on an ownership share (savings) account is $0.01. Dividends are paid monthly and calculated on average daily balance. Fees could reduce the earnings on any account.

 

Youth Certificate Accounts

Youth Certificates are available with a minimum opening deposit of $100. Terms and yields are the same as adult accounts. Refer to the Savings Print On Demand product page for details.

Youth Certificate Account Rates

These Rates are Accurate as of: December 11, 2018

Term Rate APY*
6 Months 0.40% 0.40%
12 Months 0.50% 0.50%
24 Months 0.95% 0.70%
36 Months 1.15% 0.90%
48 Months 1.35% 1.10%
60 Months 1.65% 1.40%

The minimum balance required to obtain the advertised APY on a Youth Certificate Account is $100. Dividends are paid monthly and calculated on average daily balance. Fees could reduce the earnings on any account. Early withdrawal penalty will apply.

 

Scholarship Program

Any Heritage Grove member or his/her eligible dependent can qualify for a Heritage Grove Founders’ Scholarship. Applicants are evaluated on academic performance, community involvement, career and personal goals, achievements and financial need. The deadline to apply is usually the end of May.

Ready to get started?

You can apply online at OurGroveCU.com, call us at 503-588-0211 or you can stop by the branch. We look forward to assisting you.

Apply Now

Not a member yet?

If you or a family member** live, work, attend school or worship in Marion, Polk or Yamhill counties, or if you have a relative who is already a member, we’ll be glad to sign you up so that you can enjoy the benefits of membership.

*APY=Annual Percentage Yield. The rates quoted above are accurate as of the date indicated and are subject to change without notice. Dividends are compounded and credited monthly based on the average daily balance in your account. If your average daily balance falls below the minimum for that dividend period, you will not earn any dividends during that period. Variable Share deposit rates may change after account is opened. Fees could reduce the earnings on any account.

**Family member is defined as a parent, grandparent, sibling, spouse or child.

☨APY = Annual Percentage Yield. The Share Certificate rate is 1.489%; APY is 1.50%. The minimum balance requirement to obtain the advertised APY on the Share Certificate special is $1,000. This Share Certificate special does not include IRA products. Dividends are paid upon the share certificate maturity. Fees could reduce the earnings on any account. Early withdrawal penalty will apply. Offer and rate subject to change without notice.

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If you're not a member and you'd like to enjoy the Heritage Grove difference, we'd be happy to get you enrolled today. You can also enroll online.

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Student and Youth Products
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