The Savings Account for Children
Designed just for children ages 12 and under, FAT CAT Accounts help teach our youngest members about money. With this account, children can learn not only the value of savings, but also the value of money itself.
These Share Accounts are available to children ages 12 and under, who are LGFCU members or eligible for membership. The FAT CAT account can be individual or joint with a parent.
- Minimum deposit of $5.00
- Only deposits are accepted until the account reaches a balance of $25.00.
- A minimum of $25.00 must be kept in the account to remain a member.
- Once the $25.00 balance has been met, the FAT CAT account becomes an interest-bearing account that pays the same rate as our Share Account.
- Interest is compounded daily and paid monthly.
- Child receives an account book to record deposits and withdrawals.
- Child may also apply for a FAT CAT MemberCard, which gives them ATM and MemberConnect access to their money.
- Receives a birthday card annually
- Visits with the life-sized FAT CAT at local branch special events
- Print the Account Services Form and bring to your local branch
- Or contact the Call Center
