Youth Certificate Literacy Program
Gateway Metro is promoting financial literacy with our Youth Certificate Literacy Program! We have created three tiers of special youth certificates to aid children and teens with their financial journey. Each Tier will receive an age appropriate Passport. The Passport has some fun and financial activities for young members to complete. As activities are completed, our Tellers will stamp the young member’s Passport and give them a prize! This program requires the youth member to interact with Gateway Metro to complete their Passports. Have a question? Ask an MSR to get started!
We have created three Tiers for this new certificate literacy program.
Tier 1: Super Saver
Ages 2 – 10
5.00% APY*
- Minimum Initial Deposit – $50
- Minimum Additional Deposits – $10
- Maximum Deposits Allowed – $1,000
- Matures on 10th birthday
Early Withdrawal Penalty – 540 days of interest
Tier 2: Economic Explorer
Ages 10 – 15
7.00% APY*
- Minimum Initial Deposit – $75
- Minimum Additional Deposits – $10
- Maximum Deposits Allowed – $2,000
- Matures on 15th birthday
Early Withdrawal Penalty – 450 days of interest
Tier 3: Money Master
Ages 15 – 18
10.00% APY*
- Minimum Initial Deposit – $100
- Minimum Additional Deposits – $25
- Maximum Deposits Allowed – $3,000
- Matures on 18th birthday
Early Withdrawal Penalty – 270 days of interest
Learn More About Our New Program!
REQUIREMENTS:
This program requires participation from the youth member. Passports must be complete 2 weeks prior to certificate maturity. For all Youth Certificates, a qualifying adult must be a full service member of GMFCU. Qualifying adult must have a share draft account with a minimum of $200 direct deposit monthly.
*APY=Annual Percentage Yield