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UTMA Launch Pad Savings Account

It’s never too early to prepare for your child’s future.

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Benefits of Launching Early with Logix

Launch Pad savings account helps to secure your child’s future and also helps them learn good money habits while having fun with educational tools, like the Logix Fun Zone. You’ll help build their independence while teaching them to develop good financial habits that they’ll use for the rest of their lives!

Tax Advantages

UTMA earnings are generally taxed at the child’s tax rate, offering potential tax savings.

Tax Exemption

Money contributed to the account may be exempt from paying a gift tax.

Withdraw Funds as Needed

Assets can be withdrawn, for the benefit of the minor, without penalty.

Tools and Resources

Fun, educational tools that teach your child about money management.

Get a Free Snack Bag

For a limited time only, get a free Logix snack bag when you open Logix UTMA Launch Pad Savings Account. Prepare for your child's future today.

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What is a Launch Pad account?

It's a Uniform Transfers to Minors Act (UTMA) savings account ‐ an irrevocable custodial savings account held for the benefit of a minor.

While all assets in the account belong to the minor, the adult custodian manages the funds, investments, or assets until the minor reaches the age of minority. This savings account is a great way to build wealth for your child and enjoy potential tax benefits too.

Provide Financial Support for Education Costs

Saving early can help aid future education costs. With a UTMA Launch Pad Savings Account, there’s no limit to how much you can invest and there are no limitations on how you spend the money.

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Get Your Children into Good Savings Habits

Help build their independence while teaching them to develop good financial habits that they’ll use for the rest of their lives!

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Giving Kids Hands-on Experience with Banking Online

With a Logix UTMA Launch Pad Savings Account, your child can learn good money habits while having fun with educational tools, like interactive web activities and coloring books.

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Your deposits are federally insured up to at least $250,000 by the National Credit Union Administration. We've maintained a perfect record of positive earnings since 1937 and hold a 5-Star rating for financial strength from Bauer Financial.

How to establish an account?

Visit a branch or contact our Member Service Center to open a Logix UTMA Launch Pad Savings Account for your kids today, and get a free children’s snack bag!

Visit a Branch

Come into your local Logix branch and get started right away.

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Give Us a Call

Contact our Member Service Center to open an account.

Call (800) 328-5328

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Disclosures (2)

The content is provided for informational purposes only, and not intended to provide investment or tax advice. Please consult your tax advisor for information and advice on the tax implications of a custodial account. Logix membership is required, including opening a savings account with a minimum $5 deposit. Limit one free children’s snack bag per child, while supplies last.

BauerFinancial™ Financial Strength Star Ratings based on 12/31/24 financial data (the most current available). Criteria used to determine the BauerFinancial™ Star-Rating includes capital ratio, profitability/loss trend, the level of delinquent loans, charge-offs and repossessed assets, the market versus book value of the investment portfolio, regulatory supervisory agreements, historical data, liquidity, and other factors.