Our Regular Savings for Children account encourages those under 18 years of age to learn about personal finance. With a minimum opening deposit of $10, minors can gain valuable early money-management experience by earning an Annual Percentage Yield (APY). Transfers from a Regular Savings account to another account or to third parties by pre authorized, automatic, computer, or telephone transfer are limited to six per month with no transfers by check, draft, debit card, or similar order to third parties.
This account offers all of the advantages of our Statement Savings Account with one extra plus: the minimum daily balance requirement of $200 is waived while the customer is under 18 years old. See fee schedule.