Youth & Teen Accounts

Teaching children responsible money management is vital to their future. At Palmetto Citizens, we provide our young members and their parents with the tools and resources to put them on the right financial path.

Youth (Ages 12 & Under)

Planet M Kids Club

Planet M is a special kids club for children up to age 12. Your child can open a Planet M Prime Share account with as little as $25 and enjoy:

  • Free prize when account is opened and each time a deposit is made.
  • Free financial education classes.
  • Statements will be mailed so your child can watch his or her money grow!
  • Quarterly Newsletter
  • Special prize drawings each quarter like movie tickets and gift certificates.

Add-To Term Certificate

Do you want to help show your child the importance of savings and how they can make their money grow? A great learning tool is this special term certificate just for members of our youth club accounts. Planet M members can open this certificate with as little as $100. Additional deposits of any amount can be made at any time during the 12 month term.

These educational games engage kids while teaching them important money skills. To play, Adobe Flash Player is required.

Ed's Piggy Bank

Help Ed collect enough money to shop for his favorite things. This entertaining game teaches kids ages 3-7 about saving and differing money values.


Peter Pig's Money Counter

Kids ages 4–7 can practice sorting and counting coins with the help of Peter Pig.


Money Metropolis

Kids ages 7–12 can navigate a multi-dimensional world, making life decisions that will affect whether their virtual savings account shrinks or grows.


Cash Puzzler

Piece back together dollar bills with this fun puzzle for kids 3-7.


Help Teach Them to Save!


Teaching kids to not spend all their money and to set savings goals is essential to learning the value of money. Children who learn to save regularly are more likely to continue the routine in adulthood. The earlier children learn to save, the more they will have in the future when they want a car or are off to college.

Nearly every toy or other item your child asks you to buy can become the object of a goal-setting exercise. Use this opportunity to teach them the value of money and importance of saving.

Use the calculator to the right with your child to help them set a savings goal and show them how much they'll need to save over time.


The main reason for an allowance is to help your child learn to manage money. Receiving regular payments helps them plan for the future by learning how to save and spend, set goals and work to reach them.

Kids are bound to make mistakes in handling their allowance, but that is part of the learning experience. Making mistakes early in life on small things should prevent more serious mistakes later on, when errors can have long-lasting consequences.

When to Start?

No particular age is best for every kid, but consider starting an allowance by the time a child is in kindergarten or first grade. By this time, he or she will have plenty of exposure—through you—to other places to shop. Grocery stores, drug stores, dollar stores are all full of things your child will be able to afford.

How Much to Give

It depends on your financial situation and what kind of commitment you feel that you can comfortably keep. Experts generally recommend that kids get 50¢ to $1 per week for every year of their age — $5 to $10 for a 10-year-old, for example.

Experts and parents have varying opinions on whether or not to tie an allowance to doing chores or getting good grades. Some feel it undermines teaching children about personal responsibility while others think it is a good way to encourage helping around the house and achieving success in school.

Whatever way of giving and amount of allowance you choose, the most important thing is to be involved, be consistent and be sure you and your child clearly understand the expectations that you have both agreed on.

Use the tabs above to view account information, games and other resources to help you in teaching your young child or teen about the importance of saving and responsible spending.

Teens (Ages 13 - 17)

boom! Teen Club

boom! is a program especially for teens that focuses on teaching money management and encouraging good savings habits.

boom! Members Learn About:

  • Balancing an account.
  • Budgeting and saving for the future.
  • Setting financial goals.
  • Responsible checking account management. (see boom! checking account below)
  • Establishing good credit.

boom! Benefits:

A parent or legal guardian must be a joint-owner whenever a minor establishes a checking account, share certificate, money market account or a loan under the boom! program (when applicable).

boom! Checking Account

With no fees or minimum balance requirement, our boom! checking account is the perfect way to help teach your teen to manage their money. It earns reward points they can save up for great prizes like electronics, sporting equipment and more. Dividends are paid monthly on average daily balances of $500 or greater.

Add-To Term Certificate

boom! members can open this special term certificate with as little as $100. Additional deposits of any amount can be made at any time during the 12 month term. Early withdrawal penalties will be waived if purchasing a computer or vehicle using cash or financing from Palmetto Citizens.

Reloadable Debit Cards

Our reloadable debit card is a great tool to help teach teens about responsible money management before opening their first checking account. Cards can be reloaded at any Palmetto Citizens office or online. Certain fees apply.

These educational games engage kids while teaching them important money skills. To play, Adobe Flash Player is required.

Financial Soccer

Designed for teens, this multiple-choice question game tests your knowledge of financial management skills as you try to score goals.


Financial Football

Give your financial knowledge a workout with this fast-paced, NFL-themed game. Answer financial questions to advance down the field and score.


Your First Checking Account

If you are earning money and ready for the responsibility of keeping track of all of your transactions, you may be ready to open your first checking account. Before you take this big step towards financial independence, check out our free, interactive checking account education module.

CheckRight is a great tool for those looking to open their first checking account and will help you learn to manage your account, maintain a check register, create a spending plan and more. Once you have read through the chapters, you will be directed to a quiz that will test your knowledge.

Some basic tips to always remember about managing your checking account are:

  • Balance your account regularly, including every transaction you make.
  • Review your statement every month.
  • Get current account information online, by phone or app, or by ATM.
  • Never write a check and count on the "float" time. In this electronic age, a check can clear the same day you write it.

If you know you're not quite ready for this responsibility, ask us about our reloadable debit card.

Pay Yourself First

Start a savings habit now; it's one of the best things you can do for yourself financially. Getting into the habit of deliberate savings is an important step in good financial management. Every time you earn or are given money, take part of it and put it in a savings account.

This is called paying yourself first. The idea is that you "pay" your savings account before you spend money on your bills or other things you wish to spend money on. Having money set aside in your savings will allow you to save for future goals as well as have money for emergencies and fun opportunities.

Money Side of Life: Website for Young Adults

Money Side of Life is a lifestyle money website and magazine written for young adults, by young adults about the money side of life™. With a mission to make money interesting, simple and relevant, brass covers fundamental money issues that apply to young adults and features up-and-coming young adults making a difference. The magazine is delivered quarterly to all our boom club account holders between the ages of 15-17.