New Baby

Text Size:

New Baby

Congratulations on the new addition to your family! We know that planning for your little one's future can be overwhelming, but it's exciting too! With so many things to buy for baby, we make it easy for you to save.

Be smart - use time to boost your savings

The sooner you start saving, the more time there will be for compound interest to build up a nice savings account for your child. If you start by saving only $10 a week now, at 3% interest you will accumulate $10,673.46 by the time your child turns 18. You can open savings accounts for each of the memorable moments that may happen in your child's life: 1st birthday party, private school tuition, bat mitzfah, first car, college education. You can even name your savings account to remind yourself what the savings is for.

3% interest compounded over varying number of years
	$100	$500	$1000	$5000
1 year	$103	$515	$1030	$5150
5 years	$115.93	$579.64	$1159.27	$5796.37
10 years	$134.39	$671.96	$1343.92	$6719.58
15 years	$155.80	$778.98	$1557.97	$7789.84
17 years	$165.28	$826.42	$1652.85	$8264.24

Saving is easy with automatic transfers!

Transfer from your Heritage account automatically to your child on a regular basis. You choose how often and how much, then watch your account grow along with your child. It is easy to set up! Either download the Payroll Deduction form or stop by the credit union. Selecting a custodial account protects the funds for the benefit of the child until you either choose to transfer them or the child becomes an adult.

Education Savings Plans

Money worries are one of the major stressors that parents face. If you haven’t thought about how you’re going to pay for your little one's education, there are a lot of different ways to start saving, some of which have tax advantages.

Prepaid Tuition Plans

Coverdell Education Savings Accounts (ESA)

IRA & Roth IRA Accounts

Heritage makes savings easy with gift deposit slips

Birthdays, Holidays and More — Oh My!

There will be many times in your child’s life when they receive gifts of money. Wouldn’t it be nice if that money could go directly into their savings account? To make it easier on you, we have created deposit slips and gift notes that your friends and family can use instead of giving cash. The giver simply fills out the deposit form along with a check and mails it to Heritage. The gift note portion will be given to the child letting them know a deposit was made on their behalf. You can pick up your gift/deposit slips at your local branch or use the link below to download and print from your home computer.

Chetek, WI Gift Deposit Slips Download

Ladysmith, WI Gift Deposit Slips Download

Madison, WI Gift Deposit Slips Download

Praire du Sac, WI Gift Deposit Slips Download

Sauk Cidy, WI Gift Deposit Slips Download

Galesburg, IL Gift Deposit Slips Download

Rockford, IL Gift Deposit Slips Download

Ready to see your child's name in print for the very first time?

Heritage has created stylish birth announcements to help celebrate your little one's arrival with your friends and family. With six gender-themed designs to choose from, Heritage has made it easy for you to create custom birth announcements.

1. Choose which announcement you would like to customize to create a unique card

2. Click the "download" link to open the announcement in Microsoft Word

3. Change the text to match your baby's name, birthday, weight and length

4. Insert baby's photo by clicking Insert/Picture/From File (if applicable)

5. Print, cut and mail!