Research shows that low-income children with just $500 in a college savings account are four times more likely to complete their degrees. It’s not just the money, it's the mindset.

That's why the East Side Education Foundation has partnered with Excite Credit Union on a special offer for East Side families to help their children start savings accounts. Here's how it works:

  • Excite deposits $50 in the account at opening. (No deposit is required from the student or family.)
  • Excite deposits another $25 in the account on the child’s 5th, 10th, 15th, and 18th birthdays.
  • Excite will match up to $25 in annual deposits.
  • Dividends of 5% APY** on balances up to $2,500.

The account is created in the child’s name, so the child must have a tax ID or Social Security Number. An adult is required to co-sign the account, but the adult does not need any type of taxpayer number. Accounts can be opened in a branch or online. During the application process, select “Step Up Savings” and choose your school district when asked for your “partner organization.”

Got questions? Send an email to Excite CU

** 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 $2,500 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. Excite Credit Union is Federally Insured by NCUA.