Youth Accounts

Youth Accounts

Every gazillionaire has to start somewhere.

Your parents are right that "money doesn't grow on trees," but that doesn't mean money doesn't grow. It's called investing. In fact, the younger you are, the more your invested money can grow as you get older. But like anything good in life, growing money will take a bit of work: smart spending, regular saving and learning about investing. Meritrust has two ways to help turn young investors into lifelong financial wizards.

Millionaires Club: ages 12 and under

As a Millionaires Club member, you will be encouraged to save early and save often. You will also learn advice and tips on what to do with your money. With good money management decisions, you'll see your money grow. To join, you must be 12 years old or under and have a minimum of $5 to open your Meritrust Savings Account. Ready to get on a path to wealth? Millionaires Club exclusives:

  • Special Millionaires Club Piggy Bank
  • Exclusive $500 Birthday CD at .25% above 1-year rate, set to mature one year from date of opening
  • No monthly fees
  • Minimum balance of $5 in your Meritrust Savings Account
 

mymoneyzone: ages 13 to 17

Okay, you've outgrown that cute piggy bank. You're ready to become the CEO of your own life, making smart decisions that will help you save and earn more money. How do you start? By joining Meritrust's exclusive money club, mymoneyzone. It's just for teens-between 13 and 17-and you'll need a minimum of $5 in your Meritrust Savings Account to join. Once a mymoneyzone member, you'll learn about good money management, giving you lots of time to see investments get fatter than any piggy bank. Here's the 411:

  • Teens only (13-17)
  • Exclusive access to a $500 College Prep CD at .25% above 1-year rate, set to mature one year from date of opening
  • No monthly fees
  • Minimum balance of $5 in your Meritrust Savings Account