Redstone Financial Credit Union is offering a sweet deal: a $200 bonus for opening a savings account for kids aged 0-17! Just use the promo code "YOUTH" when you open the account. Basically, Redstone will match the average daily balance of the account up to $200. The offer is valid until December 28, 2024, but keep an eye out, as it has been extended in the past. Why should you care? Well, it's essentially free money! You need to deposit at least $200 to max out the bonus, and you'll need to become a member of the credit union, but the process seems pretty straightforward. A soft pull is performed, meaning it won't affect your credit score. Plus, there aren't any monthly fees to worry about. Bank bonuses are treated as interest income, so remember you'll have to pay taxes on the bonus amount. This is a super easy way to jumpstart your child's savings or teach them about finances. Even better, Redstone doesn't seem to have an early account termination fee, so you're not locked in. If you're in Alabama or Tennessee, this is definitely worth a look!