We All Start Somewhere
- Eligibility
- Compound and Crediting
- Minimum Balance Requirements
- Balance Computation Method
- Accrual on Noncash Deposits
- Transaction Limitations
- No monthly maintenance fee
- Low minimum balance
- Online banking
- Mobile banking with check deposits (Statement Savings)
- e-Statements (Statement Savings)
- ATM card (Statement Savings)
Here are some key details of the account that you should know:
This account is for children aged 5 to 18. It must be opened jointly with a parent or legal guardian, who must be present and countersign for all withdrawals.
Interest will compound continuously and will be credited to the account monthly. If an account is closed before interest is credited, clients will receive the accrued interest.
Clients must deposit $1.00 to open this account, and must maintain a minimum balance of $1.00 to keep the account open.
We use the daily balance method to calculate interest on the account. This method applies a daily periodic rate to the principal in the account each day.
Interest begins to accrue on the business day the client deposits noncash items (for example, checks).
No transaction limitations apply to this account.
We are committed to providing our clients with the best possible savings options. If you have any questions about the Young Savers account, please do not hesitate to reach out to us.
Benefits & Features
Benefits for your Regular Savings options include:
Minimum deposit of $50.00 is required to open this account.
APY = Annual Percentage Yield
APYs accurate as of Thursday, November 14, 2024.
Young Savers: This account is for ages 5 to 18 and must be joint with parent or legal guardian. Your interest rate and annual percentage yield may change at any time. Interest begins to accrue on the business day you deposit non-cash items (for example, checks). APY assumes interest remains on deposit. Withdrawal of interest will reduce earnings. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Other account fees may apply. Fees may reduce earnings.
Regular Savings: Your interest rate and annual percentage yield may change at any time. Interest begins to accrue on the business day you deposit non-cash items (for example, checks). APY assumes interest remains on deposit. Withdrawal of interest will reduce earnings. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Other account fees may apply. Fees may reduce earnings.