Minor's Statement Savings
Minor's Statement Savings
Learning good savings habits early can pave the way for a more financially successful life later on. Set your kids up for success with Minor’s Statement Savings — available to savers up to 18 years old. This account features attractive interest, no monthly maintenance fee, and free online services.
Summary
- Available to young savers and teens up to 18 years old
- Minor must be either a joint tenant on account or the beneficiary of an informal trust
- Attractive interest on entire balance
- No monthly maintenance fee
- No minimum balance requirements
- 3 free withdrawals per month; a fee is charged for each withdrawal thereafter
- Establishes the importance and know-how of saving money from an early age
- Free online banking
- Free eStatements
- Direct deposit available
- $25 minimum deposit to open
Interested? Reach out to us to learn more.