Youth & teen solutions

MoneyWise Primary Share is a child’s first savings account and will start them on their way to watching their money grow. TruStone Financial will match the opening deposit up to $10**.

 

MoneyWise Prime Share Savings

Effective March 1, 2021 (rates subject to change)

*APY: Annual Percentage Yield. Fees could reduce the earnings on the dividend bearing accounts.

**Money for match must be deposited at time of account opening. TruStone will match up to $10 of the total funds deposited. MoneyWise accounts are available to those under 18 years of age. Allow up to 30 days for funds to be deposited. Accounts closed within six months may forfeit funds. Offer subject to change.

¹ For these account types, the dividend period is quarterly. For example: the first dividend period of the calendar year is January 1 through March 31. All other dividend periods follow this pattern of dates. The dividend declaration date is the ending date of a dividend period, such as March 31.

DIVIDEND INFORMATION:
Balance computation method — Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Accrual of dividends on non-cash deposits — Dividends will begin to accrue on the business day you deposit non-cash items (e.g. checks) to your account. Nature of dividends — Dividends are paid from current income and available earnings, after required transfers to reserves at the end of the dividend period. Compounding and frequency - Dividends will be compounded monthly and credited to your account on every monthly statement or at the end of the calendar quarter. Effects of account closing — If you close your account before dividends are paid, you will receive the accrued dividends. These are prospective dividend rates and anticipated Annual Percentage Yields (APY) for the current dividend period and may change at any time without limitations as determined by the TruStone Board of Directors. To confirm the current rates, call 763.591.4949 or 800.343.8328

¹The minimum deposit to open a Primary Share and maintain membership is the purchase of a $5 share in TruStone Financial.

²For these account types, the dividend period is quarterly: for example, the first dividend period of the calendar year is January 1 through March 31. All other dividend periods follow this same pattern of dates. The dividend declaration date is the ending date of a dividend period: for example, March 31.

The MoneyWise Money Market is a liquid account with a $500 minimum deposit and rewards kids with higher dividends as their balance accumulates.

 

MoneyWise Money Market

Effective March 1, 2021 (rates subject to change)

The MoneyWise Share Account and MoneyWise Money Market Account will convert to the terms of a regular Share Account when the primary member becomes 18 year old

*APY: Annual Percentage Yield. Fees could reduce the earnings on the dividend bearing accounts.

DIVIDEND INFORMATION:
Balance computation method — Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Accrual of dividends on non-cash deposits — Dividends will begin to accrue on the business day you deposit non-cash items (e.g. checks) to your account. Nature of dividends — Dividends are paid from current income and available earnings, after required transfers to reserves at the end of the dividend period. Compounding and frequency - Dividends will be compounded monthly and credited to your account on every monthly statement or at the end of the calendar quarter. Effects of account closing — If you close your account before dividends are paid, you will receive the accrued dividends. These are prospective dividend rates and anticipated Annual Percentage Yields (APY) for the current dividend period and may change at any time without limitations as determined by the TruStone Board of Directors. To confirm the current rates, call 763.591.4949 or 800.343.8328

³For these account types, the dividend period is monthly; for example, the first dividend period of the calendar year is January 1 through January 31. All other dividend periods follow this same pattern of dates. The dividend declaration date is the ending date of a dividend period: for example, January 31.

MoneyWise Certificates offer the high rate of a certificate with flexibility more like that of a typical savings accounts. These certificates have a 12-month term, but allow kids – or their parents – to add money to the account throughout the year.

 

MoneyWise Certificates

Effective March 1, 2021 (rates subject to change)

*APY: Annual Percentage Yield. Fees could reduce the earnings on the dividend bearing accounts.

TruStone Financial membership required.

CERTIFICATE INFORMATION:
Minimum Balance - Minimum balance to open a certificate is $500. If you are under age 18, the minimum balance to open is $25. Renewal Policy – Automatically renewable certificate accounts will have up to a 10-business-day grace period after the maturity date to withdraw or close the account. Accrued dividends will be paid during the 10-day grace period. For certificate accounts that do not automatically renew at maturity, dividends will no longer be paid. Early withdrawal penalties – Penalties may be imposed if you withdraw any of the principal in your account before the maturity date. The penalty will equal 90 days’ dividends on your account if the original term is one year or less. The penalty will equal 365 days’ dividends on your account if the original term is greater than one year. If a certificate is withdrawn within 6 calendar days after the account is opened, a penalty of at least 7 days’ dividends will be assessed. If the account is part of an IRA, see your plan disclosure for details on penalty exceptions.

DIVIDEND INFORMATION:
Balance computation method — Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Accrual of dividends on non-cash deposits — Dividends will begin to accrue on the business day you deposit non-cash items (e.g. checks) to your account. Nature of dividends — Dividends are paid from current income and available earnings, after required transfers to reserves at the end of the dividend period. Compounding and frequency - Dividends will be compounded monthly and credited to your account on every monthly statement or at the end of the calendar quarter. Effects of account closing — If you close your account before dividends are paid, you will receive the accrued dividends. These are prospective dividend rates and anticipated Annual Percentage Yields (APY) for the current dividend period and may change at any time without limitations as determined by the TruStone Board of Directors. To confirm the current rates, call 763.591.4949 or 800.343.8328

DIVIDEND INFORMATION:
These are prospective dividend rates and anticipated Annual Percentage Yields (APY) for the current dividend period and may change at any time without limitations as determined by the TruStone Board of Directors. To confirm the current rates, call 763.591.4949 or 800.343.8328. The dividend rates on certificates will be in effect until the maturity date.

Members ages 13-17 are eligible to open a MoneyWise Teen Checking account with a parent as a legal owner on the account.
 

MoneyWise Checking

Effective March 1, 2021 (rates subject to change)

See Rates & Service Prices and Member Service Agreement for full details. APY = Annual Percentage Yield. All rates subject to change monthly. Service charges may reduce earnings.