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  Minor Savings  

A free interest-bearing account in a minor's name and social security number ( a minor is under 18) that is set up with a parent as legal guardian.
 

Features
   
  • No minimum balance required
  • No minimum to open Interest compounded daily, paid quarterly*
  • Statement quarterly
  • Imprinted savings deposit and withdrawal tickets at no fee
  • Service fee: Withdrawal or transfer in excess of six (6) per quarter is $.50
    *Interest compounded daily and credited monthly on average collected balances



Benefits  
   
  • No service fee if under 18
  • Easy to open and make deposits
  • Protects minor and provides an incentive to save

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