A good lesson on the road to growing up
Step Up SavingsTM is only available to families affiliated with our Community Relations Partners. Our Youth Savings account is available to the general public.
Help your kids get in the habit of saving money
Our Step Up SavingsTM account is a unique program that helps accelerate savings and make it more likely for those in our community to access higher education. We’ve designed this account to meet and match deposits over the years and celebrate the beginnings and milestones of a strong educational future for your child.
Here's how it works, Excite Credit Union will deposit:
- $50 in the account at opening. No opening deposit is required from you.
- $25 in the account on the child’s 5th, 10th, 15th and 18th birthdays
- Up to $25 each year in matching deposits*
- Dividends of 5% APY** on balances up to $2,500
Here are the deets:
- Minor account only (17 years or younger), with adult signature
- No monthly fees
- No withdrawals – this account is for savings only
- No membership fee
- Requires eStatement
- Excite initial bonus ($50)
- Annual ($25) matches and milestone bonuses until age 18
- Must be affiliated with an Excite Credit Union non-profit or school partner (listed below):
Partnerships & Schools:
We thank the following community and school partners for stepping up for our children’s future!
Bill Wilson Center
Hispanic Foundation of Silicon Valley
Breakthrough Silicon Valley
Sunnyvale Community Services
Child Advocates of Silicon Valley
Razing the Bar
Silicon Valley Education Foundation
Teen Success, Inc.
Residents in these East San Jose school district boundaries:
East Side Union High School District
YWCA - New Choices
Kids Making It
Community Boys and Girls Club of Wilmington
Brigade Boys and Girls Club of Wilmington
Bobby Jean's Kids
Children and Families impacted by foster care
*A minimum of $25 must be deposited into the account each year to earn the match. **APY = “Annual Percentage Yield.” Must be eligible for membership and open a Step Up savings account in order to join Excite Credit Union®️ and obtain any product or service. Only one Step Up Savings Account is allowed per member. There is no minimum balance required to open a Step Up Savings Account. There is no minimum account balance required to earn the 5% APY, but the maximum account balance to earn this APY is $2,500. Any account balance over $2500 will earn 0.50% APY. Early closure (prior to age 18) or any withdrawal forfeits all past and future Excite Credit Union deposits, bonuses or matches (except dividends).
Other restrictions may apply. Excite Credit Union reserves the right to alter the account and requirements as needed.