News & Advice

As parents, we all want to set our children up for financial success from an early age. Teaching them the value of saving and managing money can lay the foundation for a lifetime of smart financial decisions. One way to kickstart this journey is by opening a kids' savings account at INOVA. Not only does it provide a safe and secure place for your child's money to grow, but there's also a special incentive waiting for new members. Let's explore why opening a savings account for your child at INOVA is a smart move.

Benefits of Opening a Kids' Savings Account:

1. Financial Education: Opening a savings account for your child offers an excellent opportunity to teach them about money management, budgeting, and the importance of saving for the future. INOVA provides educational resources and tools to help kids learn the basics of personal finance in a fun and engaging way.
2. Establishing Good Saving Habits: By starting early, children can develop healthy saving habits that will benefit them throughout their lives. Watching their savings grow over time can instill a sense of pride and responsibility, encouraging them to continue saving as they grow older.
3. Earn Interest: INOVA's kids' savings accounts earn competitive interest rates, allowing your child's savings to grow faster over time. It's a great way to introduce them to the concept of earning interest on their money and watching it work for them.
4. Opening Reward: As a new member of INOVA Federal, your child will receive a special $25* deposit into their savings account. This incentive not only jumpstarts their savings journey but also serves as a reward for taking the first step towards financial responsibility.

How to Get Started:

Opening a kids' savings account at INOVA Federal is simple and straightforward. Here's what you need to do:

• Visit our website or stop by one of our branches to learn more about our savings account offerings.
• Gather the necessary documentation, including identification for both parent and child.
• Complete the account opening process either online or with the assistance of one of our friendly team members.
• Once the account is opened, your child will receive their $25* deposit as a welcome bonus, courtesy of INOVA Federal.

Opening a kids' savings account at INOVA Federal is a smart way to teach your child about financial responsibility while setting them up for a bright financial future. With competitive interest rates, educational resources, and a special $25 welcome bonus, there's never been a better time to start saving. Empower your child to take control of their financial journey and watch their savings grow with INOVA Federal.

*Child's account must be a new savings account at INOVA. $25 will be deposited into the child’s account within 7 days. Child must be 17 years of age or younger. Offer expires December 31, 2024.