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Kids Account

A brighter future for your child

Teach your child the joy of saving with a Maleny Credit Union Savings Account

A brighter future …..

It’s never too late or early to teach your child to save. Financial literacy is the ability to understand how money works in the world: how you manage it, earn or make it and how to grow it into more.

Teach your child the understanding of money

We all want our children to have a brighter future.  To achieve this one of the things our children need to understand is money and how it works. A great way to kickstart children’s understanding of money is for them to learn about banking, saving and budgeting and what better way than having their very own savings account.

Good Habits

We all know how quickly children pick things up and learning good habits right from the start is what they need to become confident, responsible adults. We suggest trying our 52 Week Money Challenge.

Read more about our 52 week money challenge

Your child starts high school and enters into our 52 week money challenge, in one year they will save $1,378.00. By the time they finish high school they will have enough money to buy a good secondhand vehicle, or to further their education, to travel or to set up their life away from home. This is an exciting program that helps children move smoothly from school life into adult life without a financial struggle for them or you.

WEEK DEPOSIT AMOUNT ACCOUNT BALANCE WEEK DEPOSIT AMOUNT ACCOUNT BALANCE
1 $1.00 $1.00 27 $27.00 $378.00
2 $2.00 $3.00 28 $28.00 $406.00
3 $3.00 $6.00 29 $29.00 $435.00
4 $4.00 $10.00 30 $30.00 $465.00
5 $5.00 $15.00 31 $31.00 $496.00
6 $6.00 $21.00 32 $32.00 $528.00
7 $7.00 $28.00 33 $33.00 $561.00
8 $8.00 $36.00 34 $34.00 $595.00
9 $9.00 $45.00 35 $35.00 $630.00
10 $10.00 $55.00 36 $36.00 $666.00
11 $11.00 $66.00 37 $37.00 $703.00
12 $12.00 $78.00 38 $38.00 $741.00
13 $13.00 $91.00 39 $39.00 $780.00
14 $14.00 $105.00 40 $40.00 $820.00
15 $15.00 $120.00 41 $41.00 $861.00
16 $16.00 $136.00 42 $42.00 $903.00
17 $17.00 $153.00 43 $43.00 $946.00
18 $18.00 $171.00 44 $44.00 $990.00
19 $19.00 $190.00 45 $45.00 $1,035.00
20 $20.00 $210.00 46 $46.00 $1,081.00
21 $21.00 $231.00 47 $47.00 $1,128.00
22 $22.00 $253.00 48 $48.00 $1,176.00
23 $23.00 $276.00 49 $49.00 $1,125.00
24 $24.00 $300.00 50 $50.00 $1,275.00
25 $25.00 $325.00 51 $51.00 $1,326.00
26 $26.00 $351.00 52 $52.00 $1,378.00

This program is also adaptable for younger children as well, so everyone can join and watch their savings grow. The earlier they start the more rewarding the outcome.

Ask us in the branch for more information, or email info@mcu.com.au or phone us on 5499 8988.

Image - Kids Accounts Info Sheet

 

Products issued by MCU Ltd ABN 52 087 650 995 AFSL/Australian credit licence 246921. Your needs and financial circumstances have not been taken into account. Our Account and Access Facility Conditions of UseFinancial Services Guide and Schedule of Fees Accounts and Access Facilities are available online or from our branch. You should read both these documents before deciding whether to purchase accounts or access facilities issued by Maleny Credit Union. Deposits up to $250,000 per member are guaranteed by the Federal Government under the Financial Claims Scheme from 1 February 2012.