Calling All Young Savers!
Oct 01, 2021
Receive a $20 Deposit & a FREE gift* when you open a Young Savers Account!
· Keep track of your savings with a fun passbook
· $1.00 Minimum Balance
· No Fees
· Unlimited Deposits & Withdrawals
· FREE Coin Counting Machine Available
This account is designed for kids under the age of 18. Click here for more information on our Young Savers Account.
Already have a Young Savers Account? You're eligible for this offer, too! Just visit your local branch to update your book.
Ask us for further information with regard to interest rates, terms & conditions.
*Quantities limited - styles may vary. Terms and Rates subject to change without notice. Available to new and existing Young Savers customers. Bonus to be reflected same business day. Customer will receive applicable 1099. Offer valid until 10/30/21.
Savings Tips for Kids
Do you earn money by doing extra chores around the house, recycling old cans or helping a neighbor mow their lawn? Maybe a family member gave you money for your birthday or another special day. That’s great! But do you know what to do with that money? At Maspeth Federal Savings, we want to help you make smart decisions about your money. Here are some tips on how to save and make your money grow!
Set a savings goal - A savings goal is something you really want in the future but don’t have enough money to buy it right now. It could be as small as a toy or a book or as big as a vacation or college!
Make a plan - Think about how you will earn more money to pay for that goal and how much you will have to save per week to reach it.
Create a chart - Once you figure out what to save for and how long it will take, create a chart to put on the wall. Each time you put money in your piggy bank or in your savings account, mark it down to show how close you’re getting to your goal.
Keep your money safe - If you’re keeping your money at home, make sure it is in a safe place where no one can find it. Keep your money in a piggy-bank until you can come into the Bank and deposit it into your Young Savers Account. Your money will be safe and you can watch it grow!
Earn interest - By keeping your money in a savings account, you can earn interest. Interest is money that the Bank pays you for keeping your hard-earned savings with them.
The information herein is general/educational in nature & should not be considered financial or legal advice. Consult an attorney or finance professional regarding your specific situation.