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Young Savers Deposit
For infants and children from birth to 14 years.

NCCU welcomes young persons to its family of depositors through its Young Savers Deposit Account. This account helps families maintain a tradition of membership in NCCU. A Young Savers Account can be opened by parents and guardians for infants and children under 15 years. It can be used to teach young persons the importance of saving regularly.

These accounts can be handed over to the children at 15, when they qualify for membership, or a little later at the parents or guardians discretion.

Young Saver Deposit Accounts have most of the benefits of a Regular Share Savings account.


  • Open and maintain your account with only $5.00
  • No monthly service fees
  • No limit on transactions
  • Unrestricted deposits and withdrawals
  • Deposits are available if you need them
  • Free 24-hour access through CUCall (telephone-teller service)
  • Competitive interest rates paid bi-annually
  • Use deposits as security for loans
  • Parents/guardians can provide a Payroll Deduction or Standing Order for saving regularly for child and without hassle.
  • Passbook to record all transactions
  • Note: NCCU will exercise due diligence for all new accounts in keeping with regulatory and legislative requirements.

     
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