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Harborstone to give free $80

Credit Union is giving the gift of savings to kids this holiday season

Harborstone Credit Union’s Gift of Savings Pay Yourself First Tracker. Photo courtesy Harborstone Credit Union

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This holiday season, give your child (or grandchild, niece, or nephew) the gift of savings. Starting on Tuesday, Dec. 3, Harborstone Credit Union is putting a unique spin on our traditional Minor Savings account for members to encourage their loved ones to get a jump-start on their savings. Through a mission of financial empowerment, Harborstone wants to educate kids and teens on the importance of establishing financially healthy habits starting early. The "Pay Yourself First" message is designed to encourage setting money aside for long-term life goals, emergency savings, and retirement. Harborstone will contribute up to an additional $80 when the minor account holder demonstrates their commitment to saving by putting at least $10 into their account each month in a consecutive 12-month period.

Here are the details of this special offer:

  • Members will receive a Gift of Savings Pay Yourself First Tracker (see photo).
  • If the new minor member deposits (and saves) $10 each month during the qualifying period, they will receive a $20 contribution during the following qualifying months when they bring their Pay Yourself First Tracker in person to a Harborstone branch.
  • Qualifying months are defined as: March, June, September, and December.

The intent of this offer is to encourage savings. Please note, you must be a member to open the minor account and the member must have the minor's Social Security number and date of birth available to open an account. Additional information may be required upon account opening. To receive the first $20 bonus, you must open a minor savings account and deposit at least $40. A minor must be under the age of 18 to qualify for the Minor Savings account. If a new membership is created, $5 will remain on hold as your Harborstone membership shares. To receive $20 in March 2020, the receiver of this gift must deposit and save $10 in February and March 2020. To receive $20 in June 2020, the receiver of this gift must deposit and save $10 each consecutive month in that period. To receive $20 in September 2020, the receiver of this gift must deposit and save $10 each consecutive month in that period. To receive $20 in December 2020, the receiver of this gift must deposit and save $10 each consecutive month in that period. Each $20 payment to the receiver of this gift will be considered a "bonus" and will be reported at year-end on a 1099-INT. Limit one per receiver of this gift. Offer available from Dec. 3 through Dec. 31, 2020. We reserve the right to discontinue this offer at any time.

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