Teens and Money

Your parents probably give you all the things you NEED. But as a teen, you are beginning to realize that there are many things that you WANT – and those “wants” usually take money. Like developing good study habits, now is a good starting point to learn how to manage your finances. Whether your money comes from your allowance or a part-time job,now is the perfect time for you to start your quest for financial independence. Our QUEST program can help you realize a DREAM, PLAN to save, and OWN the things you want.

Quest Savings

Tomorrow’s coming—put away a few bucks!
It only takes $25 to open a savings account and have your own CPM Federal membership. This account makes saving easy with:
• Monthly dividends that put money in your account
• 24/7 access through PAL our telephone banking service, CPM Anytime our ONLINE banking, and hundreds of surcharge-free local CO-OP Network ATMs

Quest Checking

• Member must be between ages 13- 17.

• No minimum account balance requirement.
• No monthly service charge or per check fee.
• Free VISA Debit Card.
• Free ONLINE banking.
• Free Telephone banking.
• Includes an OOPS card, for 1 time only fee refund.
• 1 free music download on their birthday.
• Quarterly drawing for cool stuff.

Youth and Young Adult Certificate Account

Start with at least $100, put away some bucks each month, and watch your money pile up. And you can earn awesome rates on flexible terms - anytime between 3 months and 2 years. $3,000 maximum certificate amount. Dividends may be withdrawn at any time without penalty or added to principal. Penalty for early principal withdrawals.

Coverdell Education Savings Save up for School

Get a head start saving for college with a Coverdell Education Savings Account. You or your parents can drop in up to $2,000 each year until you’re 18, and you’ll be on your way. Get your money out—including the dividends we pay you—tax-free if you use it for elementary, high school or college.