The financial habits people develop in childhood can have a significant impact on their ability to responsibly manage finances as adults. Because it’s never too early to teach your keiki about finances, Hawaiian Financial Federal Credit Union offers Kids Club accounts with fun features that can help your children learn to save. Below are just a few of the benefits your keiki will have when you open a Kids Club account for them.

3 Advantages of Opening a Savings Account for Your Child

1. Early Experience Leads to Long-Term Wealth

Forming good habits in childhood will ensure lifelong adherence. According to researchers at the University of Kansas, children who have savings accounts grow up to accumulate more assets, invest more, and develop strong retirement portfolios.

2. Financial Literacy Begins at an Early Age

While most children are tempted to spend allowances and gift money on short-term wants, a savings account teaches them about long-term needs. Encouraging your keiki to save up for large purchases and understand money from an early age will give them the tools to make good financial decisions throughout their entire lives.

3. They Become Familiar With More Financial Instruments

Loans, lines of credit, investment vehicles, and other financial instruments can be intimidating, especially for those with little experience. Developing an understanding of credit unions like us and the wide range of services we offer at Hawaiian Financial FCU will help your children take advantage of these products in the future for greater financial success.

Start your keiki off on the right path to wealth and open a Kids Club account today!  With a Hawaiian Financial FCU Kids Club account, your child will learn the value of a dollar with fun saving incentives. For a limited time only, open a Kids Club account with at least $100 and get a FREE* Year of the Boar bank! 

With hundreds of millions of dollars in assets and over 50,000 members across Hawaii, Hawaiian Financial Federal Credit Union is one of the leading financial institutions in the state, with a reputation for combining personalized service with technologically advanced personal banking solutions. Learn more about our Kids Club accounts online, follow us on Facebook, Twitter, and Instagram for news and updates, or call 832-8700 on Oahu or toll-free at (800) 272-5255 with any questions.

*Restrictions may apply.  Offer good while supplies last.  Visit www.hificu.com for complete details.