Youth Banking
Setting our children up for financial success.
Your hub for financial education
Teaching financial literacy from an early age creates a strong foundation towards each important stage of life.
What you’ll get with the program.
As a Mirastar member, you’ll have access to a number of great financial education resources, as well as learn valuable lessons in saving money.
Here’s what we offer:
Your financial goals start here
You can open a savings and/or checking account*, Certificate, educational savings, and IRA as a Mirastar member.
Full banking access
You’ll get an ATM* card, check card (16+), access to online and mobile banking, and Direct Connect 24 – phone banking.
Financial aid resources
If you’re looking for a student loan or a list of scholarships to apply for, you’re in the right place.
Educational resources
We’ve partnered with BalanceTrack to provide our members with a variety of educational resources. Plus, you can earn $50.
Start saving for your child’s future today.
Open a Coverdell Education Savings Account.
The Coverdell Education Savings Account is a great way to start building college education savings for your children or grandchildren under the age of 18.
You can contribute up to $2,000 per tax year per child until the child turns 18 (some exceptions apply). Contributions are not tax-deductible, but earnings accumulate tax-free.
Funds used for higher education expenses are tax-free when withdrawn if the recipient is under 30.
Rates
|
Account Type & Term |
Rate Type |
Minimum Opening Balance |
Minimum Earning Balance |
Stated Dividend Rate |
Annual Percentage Yield |
|---|---|---|---|---|---|
|
*Annual Percentage Yield (APY) assumes interest remains on deposit until maturity, any withdrawal will reduce earnings. Certificates must be partially funded by new money (50% or more). Excludes IRA and ESA certificates. An Early Withdrawal Penalty will apply for withdrawal before the maturity date. Certificate accounts are subject to membership eligibility, terms, and fees. Certificate account will automatically renew at maturity to the 12-month certificate fixed rate in effect at that time unless you withdraw all the funds in the account at maturity or within a grace period of 6 days after maturity. Santa Clara County Federal Credit Union reserves the right to cancel or modify this offer at any time without prior notice. This is a limited time offer. 1The dividend rate and annual percentage yield stated for the term accounts listed are offered within the most recent seven calendar days and were accurate as of the above date. An Early Withdrawal Penalty will apply for withdrawal before the maturity date. Certificate Accounts are subject to approval, terms, and fees. Your savings federally insured to at least $250,000 by the National Credit Union Share Insurance Fund, administered by the NCUA and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency. |
|||||
|
Account Type & Term 12 Month Roth Term IRA Certificate |
Rate Type Fixed |
Minimum Opening Balance $500 |
Minimum Earning Balance $500 |
Stated Dividend Rate 3.00% |
Annual Percentage Yield 3.03% |
|
Account Type & Term 12 Month Coverdell (ESA) IRA Certificate |
Rate Type Fixed |
Minimum Opening Balance $500 |
Minimum Earning Balance $500 |
Stated Dividend Rate 3.00% |
Annual Percentage Yield 3.03% |
Start your financial education journey today.
Money and finances can be complicated, but with good information, it doesn’t have to be. That’s exactly why we created the Get Started financial education program for 13- to 19-year-olds.
Join the Get Started Program
The program is designed to provide your teens with a strong financial educational foundation. Learn about saving, responsibly managing money, investing, and so much more.
All you need to do is open a Mirastar shared savings account* and you’re eligible to join the Get Started program.
Open a youth account*.
Knowledge is powerful.
Understanding how to manage your money shouldn’t be complicated. Here’s a variety of topics designed to build your knowledge so you can make the best financial decisions possible.
Gen Z and Scams: What You Didn’t Know About the Young and Fraud
6 Ways to Tell if a Website is Safe
5 Amazon Scams You Need to Know About
Disclosures
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*You must be at least 16 years old to open a checking account, and you must be accompanied by an adult who is at least 18 years old or a parent, guardian, or grandparent who has an account with Mirastar.
Membership in Mirastar Federal Credit Union is required. Initial deposit may be required to establish an account. Checking does not have a minimum balance required to maintain account, but membership balance is required to be held in Regular Shares savings account. The term ‘Free’ refers to the absence of monthly maintenance fees. Other fees, such as those for overdrafts, insufficient funds or additional services, may still apply. For full terms and conditions, refer to the Fee Schedule, Truth In Savings Disclosure and Membership and Account Agreement at https://www.mirastarfcu.org/disclosures/.
ATM transactions at other financial institutions ATMs (Other financial institutions fees may apply) and unlimited use of CO-OP Network ATMs (including participating 7-11 stores) and POS, $1,000.00 withdrawal limit per day.