By Elizabeth Nelson, Communications & Multimedia Content Producer
Financial literacy comes with experience and time. Like building good credit, it's a process that requires a balance of knowledge, intuition and patience - all of which can be learned and cultivated. At Greylock, we believe in educating people so that they can confidently make decisions about their finances - this includes young people of all ages.
Young members from the ages of 0 to 22 are known as Wealth Builders. As a Wealth Builder, you have access to free, on- demand resources at greylock.org. Read on to learn more about these helpful financial tools.
Your First Debit Card
Applying for your first debit card at Greylock is a powerful way to learn financial responsibility. Whether connected to your own or a shared account, using your debit card to make purchases gives you the opportunity to track spending, which is an important and foundational skill in fostering financial wellness. Greylock debit cards come with EMV chip technology allowing you to tap to pay, plus real-time text fraud alerts. There are no monthly maintenance fees, finance charges or transaction fees for domestic purchases. Want to learn more or apply? Go here.
Digital Banking
When you sign up for digital banking you can access all account information online, including from your smartphone, checking a balance or transferring funds fast with no hassle. It's also environmentally friendly! Sign up online and download the digital banking app to take Greylock on the go.
Wealth Builder Term Share Certificates
Greylock's Wealth Builder Term Share Certificates are an easy way to maximize the earnings of your savings. You can invest as little as $100 for a one-year term. Deposit as often as you like and watch your savings grow. Savings are another great way to foster financial stability and build confidence in yourself and your saving habits. Starting early will make saving later in life easier. Learn more and view rates here.
Banzai & Other Financial Tools
Greylock partners with Banzai to offer interactive tools, calculators, and workshops to help you explore topics you're interested in. Learn how to plan for an emergency, build a budget, or start saving for a big purchase like a car or a house. Our partner, GreenPath Financial Wellness, has a lot of helpful information as well.
We encourage you to stop by Greylock's Community Empowerment Center where you can connect with a certified credit union financial coach or give us a call at 413-344-1026
No matter your age or where you are in your journey to financial literacy, Greylock is here to guide you.