A savings plan teens can call their own.
Teens are something special. That’s why we created the Heritage Grove Teen Savings account to give 13 to 18 year olds a stronger sense of identity and purpose when it comes to making their own decisions.
To help teens develop the habit of regularly saving money, we provide them with a punch card when they open a Teen Savings account. For every $200 deposited, we'll make a deposit to their account. They can earn up to five deposits per calendar year.
There is no monthly service fee and dividends will be paid monthly starting with the first $5 deposited (minimum balance requirement). As a child of a Heritage Grove member, they are automatically eligible to become a member too.
Bring your teen by the branch to get set up. As a parent or guardian who is a joint account holder, you will be able to help guide your teen on the path to savings success!