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Mountain Kids Money Club

Double Mountain Bucks during the month of March!

 

Mountain Kids Money Club is a No Fee Account for our youngest Members!

We've provided some perks and created irrestible features to encourage the children of Revelstoke to take an interest in, well ... interest and savings!

  • $5 Member Share is paid by RCU, for new openings only
  • Unlimited ATM/POS transactions at any credit union in Canada
  • Special features to encourage an early understanding of finances
  • Deposits will earn 1% annual interest rate in Mountain Kids Money Club (MKMC Plan 24 and Youth Plan 24) with interest calculated on daily closing balance, and paid monthly 
  • MKMC Term Deposits will earn a special annual interest rate

Account holders must have the ability to sign their own name, with our general recomendation that children are approximately 5 years of age.  They can hold this account and benefit from its features up to and including 12 years of age.  Here are a few other account limitations & requirements;

  1. This is not a Parent for Child Account, nor a Legal Trust or a Parental Account
  2. Not for a Parent’s sub-account that a parent may keep for a child
  3. Parental indemnity is required for the account in general and for youth debit cards
  4. For any monthly deposit totals exceeding $500.00 the maximum of 50 reward bucks will be awarded to a member in one month
  5. Full terms and conditions are available upon request.  In the event of a discrepancy between the terms found here and those posted for reference in our office, the latter shall prevail. 
  6. Junior Fixed Rate Redeemable Term Deposits earn a special interest rate as the pupose of this account to promote and educate savings and financial literacy for our young Members.  Junior Fixed Rate Redeemable Term Deposits have a $100.00 minimum and lifetime of account maximum of $5000.00.
     


 Mountain Kids Money Club non-banking features 

 

 

 

Mountain Kids Money - $MKMC - rewards for saving program!

Double rewards for the month of March!  Get 1 reward buck for every $10 deposit! This collectible cash can be used to buy something out of Sasquatch’s Cash Cache or an “M is for Money”® kid’s book for $5MTN.  (RCU pays the difference in value on this Rewards program exchange)  Sasquatch Cash Cache will hold gift certificates and other fun kid’s products.

 

 

Children's books - M is for Money® - financial literacy program!

We've incorporated a financial literacy aspect for our youngest Members with the ‘M is for Money’® children’s series, by award winning Canadian entrepreneur, Teresa Cascioli. These books will be given out with account openings, and the following books in the series will go out to children as deposit thresholds are met, as set out below.  Supplies of the 'M is for Money' book series are limited, this aspect of the program may end without notice.

 

 

​Mountain Kids' focus on financial literacy

Learn more about the simple steps to get the M is for Money®  book series - A kid's guide to financial literacy.

 

Book 1   The Little Piggy Bank

 

 

Anytime, with a Mountain Kids account opening or with your welcome letter.  Pick it up at the Credit Union!

Book 2   The Little Lemonade Stand

 

 

Once you have added $25 to your account, pick it up at the Credit Union!

 

Book 3   The Little Trip to the Bank

 

Once you have added $50 to your account, pick it up at the Credit Union!

 

Book 4   The Little Wallet Named Pouch                  

Book 5   A Little Loan for Benji

Book 6   Counting Comes First

Book 7   Under the Couch

Book 8   The Payback

Book 9   Giving is Great

Books 4-9 available for purchase (at cost) at RCU.   $9/book.  Great educational & a fun gift from grandparents!!

 

 

 

 

Your child's first bank account

Join today and help your child begin their journey in financial education.

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