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We All Start Somewhere!

 

Designed uniquely for teens ages 14 to 17, Manasquan Bank’s Start Up account comes with no monthly minimum balance requirement, no monthly maintenance fees and a $10 cash bonus credited upon account opening.

 

You can start a simple, powerful joint checking account for your teen, with just $50 required to open. They will then receive their own debit card to begin practicing healthy financial habits, while reduced daily limits help keep them on track.

 

The Start Up account is also a rewards checking account featuring 2% Debit Card Cash Back on monthly purchases and ATM Fee Refunds when qualifications are met. All your teen has to do is:

 

 

Ready to see your teen take the next step toward becoming a responsible adult? Open a Start Up checking account today!

*APY=annual Percentage Yield.

APYs accurate as of Thursday, August 6, 2020.

Rates may change after account is opened. Minimum to open is $50 for Infinity Cash, $50 for Infinity Cash Back and $50 for Infinity Saver. Limit one Infinity Cash or Infinity Cash Back account per SSN.  For Infinity Cash, if qualifications are met each monthly qualification cycle: (1) Domestic ATM fees incurred during qualification cycle will be reimbursed and credited to the account on the last day of monthly statement cycle; (2) balances up to $25,000 receive APY of 2.00%; and (3) balances over $25,000 earn 0.25% interest rate on the portion of the balance over $25,000 resulting in 2.00% to 0.60% APY. The APY will vary based on account balance. This range assumes a $25,000.01 - $125,000.00 account balance, although higher balances are accepted. If qualifications are not met on Infinity Cash all balances earn 0.01% APY.  Fees may reduce earnings. Qualifying transactions must post to and settle Infinity Cash account during monthly qualification cycle. Transactions may take one or more banking days from the date transaction was made to post and settle account. ATM processed transactions do not count towards qualifying debit card transactions. “Monthly Qualification Cycle” means a period beginning one day prior to the first day of the current statement cycle through one day prior to the close of the current statement cycle. The advertised Infinity Cash APY is based on compounding interest. If the interest earned in Infinity Cash is automatically transferred to an Infinity Saver, the interest does not compound. ATM receipt must be presented for reimbursement of an ATM fee of $5 or higher. For Infinity Cash Back, if qualifications are met you receive 2% cash back on debit card purchases that post to and settle account during the monthly qualification cycle up to a total cash back of $10 per monthly qualification cycle. Qualifying transactions must post to and settle Infinity Cash Back account during monthly qualification cycle. Transactions may take one or more banking days from the date transaction was made to post and settle account. ATM processed transactions do not count towards qualifying debit card transactions. “Monthly Qualification Cycle” means a period beginning one day prior to the first day of the current statement cycle through one day prior to the close of the current statement cycle. Domestic ATM fees incurred during qualification cycle will be reimbursed if qualifications are met within monthly qualification cycle. ATM receipt must be presented for reimbursement of an ATM fee of $5 or higher. Infinity Saver account is only available with an Infinity Cash or Infinity Cash Back account. Infinity Saver APYs may be less than Infinity Cash APYs. If qualifications in Infinity Cash or Infinity Cash Back are met each monthly qualification cycle: (1) balances up to $500,000 in Infinity Saver receive an APY of 1.50%; and (2) balances over $500,000 in Infinity Saver receive an APY of 0.25% interest rate on the portion of balance over $500,000, resulting in 1.50% - 1.29% APY. The APY will vary based on account balance. This range assumes a $500,000.01 - $600,000.00 account balance, although higher balances are accepted.  If qualifications are not met in Infinity Cash or Infinity Cash Back, all balances in Infinity Saver earn 0.01% APY. Infinity Saver account transactions are limited to no more than six preauthorized withdrawals, automatic or telephone transfers, checks, drafts, and debit card or similar transactions per month or statement cycle.

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