Youth Covenant Savings™

Encourage thrift and fiscal responsibility for young people age 18 and under! Earn the highest rate (Jubilee Dividends) on the first $500 deposited in your regular Share savings account, and deposits made to a secondary Youth Covenant Savings^™ account (if matched by a parent, grandparent, mentor, or other adult) will also earn higher dividends.

Account specifications

In a Youth Covenant Savings^™ Account:

• deposits can be made at any time
• one free withdrawal per year; a fee of $5 for each additional withdrawal in the same year

• automatic transfer to a regular savings account when a young person reaches age 18

Signing up for Youth Covenant Savings™

For young people ages 17 and under to secure the higher Youth Covenant Savings^™ rate, Mennonite Financial asks an adult to sign a matching agreement. Download this agreement, have a parent or other adult fill it out and sign it, then bring or fax it to one of our offices.