Penny Pioneers

The Penny Pioneer Club

  • The Penny Pioneer Club is for children age 12 and under.
  • The Penny Pioneer savings account earns dividends compounded and paid quarterly. Click here for current rate.
  • A $5 bonus is earned and deposited to the account when a Penny Pioneer saves $200.
  • New Penny Pioneers receive a coin saver tube, neon pencils, a ruler, and a Penny Pioneer membership card.
  • During the year, Penny Pioneers receive a birthday card, newsletters, invitations to several special events, and may participate in periodic contests. Contests are announced in the Penny Pioneer News, sent four times a year to the Penny Pioneer's home.
  • There are no regular monthly fees associated with this account.
  • Parents can make deposits to their child's account by direct deposit, automatic transfer, payroll deduction, TellerPhone transfer, MemberNet, by mail or in person.
  • Federal regulation limits the number of pre-authorized or third party transfers from this account to six per month, excluding loan payments or transfers made at a teller location.

HOW TO JOIN THE PENNY PIONEER CLUB

  • A Penny Pioneer account can be opened at any office.
  • Children, grandchildren, nieces, nephews, and cousins (age 12 and under) of current members can open this account.
  • A  $5 initial deposit is required, and the child must have a Social Security number.
  • The parent or legal guardian must be the primary joint owner on the account. Grandparents, aunts, uncles, or any other adult (relative or friend) are eligible to be a secondary joint owner.

 

 
 
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