My First Account

The Sand Dollar Savings Club and Pacific Accounts are a fun way to learn the basics of good money management. Combining a Free savings account, incentives for saving, and educational activities, we offer our young Members and their families an engaging learning opportunity.

Banking made easy

Sand Dollar Savings Club

The Sand Dollar Savings Club is designed especially for kids ages 12 and under.

Pacific Checking

A Pacific Checking account, for students ages 13 - 25, is the ideal way to build the foundation for your credit history along with beneficial money management skills.

Pacific Savings

Teens ages 13 - 17, watch your money grow in a Pacific Savings account with regular and consistent deposits over time.

Start Saving Early (The Power of Compounding Interest)

Compounding interest means that you earn interest on your interest. Your savings grow a lot faster than you think, especially over the long term. And, no amount is too small to save as this example* shows:

  • Evan and his parents started investing for him at age 10 and contributed $4,000 per year between the ages of 10 and 18 (a $36,000 contribution). They stopped investing at age 18, leaving the money in his savings account. If he earned a hypothetical 8% annual return on his investment, how much could Evan have at age 56? Evan has $1,079,238.
  • Jake started investing at age 18 and contributed $4,000 per year between the ages of 18 and 56 (a $156,000 contribution). If he earned a hypothetical 8% annual return on his investment, how much would Jake have at age 56? Jake has $1,026,143.

Evan has $53,000 more after investing only $36,000 (one-fifth the money Jake invested).

*This hypothetical illustration is for informational purposes only and is not meant to forecast or imply the performance of any investment product.