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Manasquan Bank
Manasquan Bank
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Fdic

FDIC-Insured-Backed by the full faith and credit of the U.S. Government

Earn 2.00% APY*

Here are some key details of the account that you should know:

  • Eligibility

This account is for children aged 0 to 17. The account must be opened with a parent or legal guardian.

  • Compound and Crediting

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.

  • Minimum Balance Requirements

Clients must deposit a minimum of $1.00 to open this account, and must maintain a minimum balance of $1.00 to keep the account open.

  • Balance Computation Method

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.

  • Accrual on Noncash Deposits

Interest begins to accrue on the business day the client deposits noncash items (for example, checks).

  • Transaction Limitations

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. 

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*APY = Annual Percentage Yield

Rates subject to change

APYs accurate as of Friday, March 13, 2026.

Young Savers:  This is a variable rate account.  At our discretion we may change the rate at any time.  Fees may reduce earnings.  This account is for children ages 0 to 17 and must be opened with a parent or legal guardian.   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. 

 

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