HFS Kids Club Youth Savings Account
Studies show that the earlier you establish good financial habits, the better your long-term financial security and independence will be. Early financial literacy can empower children to make informed decisions and avoid common pitfalls that can derail their long-term plans.
At HFS FCU, we offer a Kids Club youth savings account to help children develop these financial skills, while encouraging growth and education. All it takes is a $5 opening deposit, and the help of an adult, to get started.
Why Choose HFS Kids Club for Your Child?
HFS FCUās Kids Club youth savings account is designed to encourage children to save and manage their money effectively. Unlike a traditional savings account, this account offers incentives for opening and using it. When you open the account and make an initial deposit, your child receives a gift. To further support savings, we provide convenient opportunities for additional deposits with Deposit Days occurring twice a month at select elementary schools on the island. Additionally, competitive dividend rates apply to the entire balance of the youth savings account, until your child turns 18, helping to cultivate positive saving habits.
Rates as high as 0.15% APY1
Final Balance
Contributions: | Earnings:Kids Club Account Features & Benefits
One of the benefits of the Kids Club youth savings account is its minimal barrier to entry. All it takes is a $5 opening deposit to get started, which is significantly lower than the typical opening deposit for a regular savings account. There is also no minimum balance requirement for earning dividends, and your child can earn dividends on the entire balance until they turn 18.
Incentives are designed to keep your child engaged in saving while helping to teach and build healthy financial habits. In addition to the gift your child receives upon opening their account, they can also earn a toy each time they make a deposit at an HFS FCU branch. These rewards help children develop a positive association with saving and encourage the development of confidence.
HFS FCU's commitment to the community and educating children on financial literacy goes far beyond offering youth savings accounts. Our Deposit Day Program brings the credit union to participating elementary schools to further develop their savings habits, money-counting skills, and confidence at a young age. We also offer age-appropriate financial education resources for all of our members, like Zogo for youth 13 and up.
The Supersaver Hui
Meet Penny, Pono, and Chip - our Kids Club Supersaver Hui! Penny reminds us that no matter how much you're able to save, every penny counts. Pono embodies doing what's right and represents the Credit Union's commitment to always do right by our community and members. Lastly Chip - our 'I'iwi mascot - celebrate the Credit Union's core values in a name. Care, Humility, Integrity, and Passion. Chip symbolizes the nurturing spirit that makes HFS FCU special. They are ready for action, and here to help you save!
How to Open a Kids Club Youth Savings Account
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Opening a Kids Club youth savings account with HFS FCU is easy. Here's a step-by-step process:
Gather key documentation that you'll need to open the account.
Bring $5, the minimum required to open a new Kids Club account.
Visit any of HFS FCU's 6 island-wide branches and a New Account Specialist will help you get everything set up!
Easy Ways to Build Their Balance
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It's easy to grow with your child's youth savings account with HFS FCU. Some strategies for doing so include:
Taking advantage of in-school Deposit Days
Arranging automatic transfers to your child's youth savings account from a parent's account
Gifting your child money to save on birthdays and holidays
Working out a matching agreement with your child to match all or a portion of what they deposit. This helps with managing simple goals.
Teaching Money Lessons That Last
As a leading credit union, HFS FCU strives to do more than serve as a financial institution; it aims to be a community resource for its members. Weāre always happy to work with our members ā regardless of their age ā on appropriate savings goals, financial wellness, and developing good habits.
Fast, Reliable, Very Friendly!
Start Your Keiki's Financial Journey Today
Ready to take a step toward helping your child build healthy financial habits? All it takes is $5 to put your child on a path to developing healthy financial habits.
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1 APY= Annual Percentage Yield. The dividend rates and fees may change after the account is opened and are subject to change. Fees may reduce earnings. The minimum balance to earn the stated dividend rate is $100.00. View all current and available dividend rates and fees.
2Other fees may apply for out-of-network ATMs.
3Share Cards may only be used to access funds from a regular Savings Account. Special Savings Accounts are not accessible via this method.
Membership with the Credit Union is required and open to all who live, work, worship, attend school, volunteer or participate in associations headquartered on the island of Hawaii. A minimum opening balance of $50.00 is required to open a Savings Account.
Rates
| Account Type | Dividend Rate | APY(1) | Dividend Compounded | Dividends Credited | Dividend Period |
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| Regular Share |
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| Children's Savings |
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| Special Share |
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Rates effective as of: January 2, 2026
Disclosures
1APY= Annual Percentage Yield. The dividend rates and fees may change after the account is opened and are subject to change. Fees may reduce earnings. The minimum balance to earn the stated dividend rate is $100.00.
The dividend rates and fees may change after the account is opened and are subject to change. Fees may reduce earnings. The minimum balance to earn the stated dividend rate is $100.00 for Regular Share and Business Share. There are no minimum balance requirements for Childrenās Savings and Special Share.
Membership with the Credit Union is required and open to all who live, work, worship, attend school, volunteer or participate in associations headquartered on the island of Hawaii. A minimum opening balance of $50.00 is required to open a Regular Savings Account.
Truth in Savings Disclosure
Schedule of Fees and Charges- Consumer Accounts
Schedule of Fees and Charges- Business Accounts
All features
Detailed quarterly statements
Competitive dividend rates
24/7 account access through Online Banking
Withdraw funds with an HFS Share Card, surcharge free at any Bank of Hawaii ATM2
Minimum balance of $50.00
Earn dividends with an average daily balance of $100.00 or more
Children earn dividends on their entire regular share account balance until age 18
Open a Savings Account
New Members
Complete your application online or visit your nearest HFS branch.
For your convenience we have aĀ Consumer Account ChecklistĀ with items you will need to open your account.
Current Members
Open Account
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