This is a sponsored post written by me on behalf of Everence Financial. All opinions are my own.
This past weekend, we had a yardsale and our kids were VERY excited to set up their own lemonade stand. They were actually quite profitable because it was a VERY hot day.
I loved their entrepreneurship and unique ideas, like selling a small cup for 50 cents and a larger cup for $1 with a 50 cent refill. They decided to also make meadow tea to sell, which made for engaging conversations, since several people had never heard of it!
As they counted their earnings at the end of the sale, they brainstormed various ideas on what they could do with the money—buying Lego sets, going different places, giving some of it away . . . but then today, we heard about Youth Savings Week by Everence Federal Credit Union, and how they could earn an extra $5 if they open an account or make a deposit of $15 or more!! They were of course thrilled to basically sell an additional 5 large cups of lemonade each. 
As a parent, I was thrilled to find out that opening an account and making deposits can all be done online with remote technologies—especially because of this year’s unique health circumstances and not to mention taking three kids into a credit union to open accounts isn’t always the most stress-free scenario. 
I told my husband about Youth Savings Week and his jaw-dropped when I mentioned their savings account currently has a 2.00% APY1 on the first $1,000 in the child’s account!!!
It took me about 15 minutes to open my child’s account (mostly because I had to go and find my kids social security numbers and my driver’s license—be sure to have those on hand!) I received the account number one day later, when I could deposit money in my child’s account.
If you already have an Everence account for your child, log in and deposit their $15 right away—you’ll also get the $5 bonus!!!
>> Click here to open your youth account today! <<
When setting up a child’s account, a primary guardian must be named, whether it is a parent, or a grandparent can also set up accounts for their grandchildren. Learn more here.
1 APY = Annual Percentage Yield. Applies to the first $1,000 in the account then dividend rates vary according to account balance. Rates are subject to change without notice. Limited to an individual account – one per tax ID under age 18.
What is Youth Savings Week?
Youth Savings Week is designed to encourage children under age 18 to start saving early, while teaching them the advantages of saving money for short- and long-term goals.
This year’s Youth Savings Week, July 6 to 10, features the theme: Money Magic – save, share, spend through the credit union! As a part of the special week, Everence will celebrate with online Facebook Live events, activities, prizes and more!
As extra encouragement to save – when a youth makes a deposit of $15 or more in a new or existing savings account during Youth Savings Week, Everence will deposit an additional $5 into their account. Plus, right now their youth savings account interest rate is 2.00% APY — a great rate to reward saving!
If you’d like to learn more about Everence and their youth savings accounts, they have in-depth information and resources on their website.
Everence Locations in Lancaster County
Lancaster County also has the following branches that you can visit:
- Ephrata – 1020 Sharp Ave, Ephrata, Phone: (717) 733-9414
- Lancaster – 2160 Lincoln Highway E. Suite 12, Lancaster, Phone: (717) 394-0769
- Mount Joy – 960 E Main St, Mount Joy, Phone: (717) 653-6662
