Savings account for kids- free of maintenance fees or service charges
Minimum Balance to Open the Account:
Monthly Maintenance Fee:
Minimum Balance Requirement:
Transaction Fees and Limitations:
Transfers to other accounts or to third parties by pre-authorized, automatic, telephone or computer transfers are limited to six (6) per month.
Interest Compounding and Crediting Frequency:
Interest will be compounded daily and credited to the account quarterly
Daily Balance Computation Method:
Minimum Requirements to receive the above benefits:
Effect of Closing an Account:
If account is closed within 90 days of opening, $50.00 will be charged
Savings Overdraft Protection:
Must be between the ages of 6-17. Must be jointly opened with parent or guardian. Primary account holder should be an adult. Child cannot withdraw without an adult's written authorization. When the child reaches the age of 18, the account will be converted to a Regular Savings Account.