PERSONAL SAVINGS
Child’s Savings
Teach your child the value of saving. Available up to or until age 18.
- $10.00 opening deposit with 1 year to bring the account up to $100.00.
- After one year, a $100.00 minimum balance is required to avoid the quarterly maintenance fee of $12.00.
- Balances of $1,000 or more earn current interest rates. Balances below $1,000 earn base interest rate.
- Six withdrawals per quarter are permitted. There will be a fee of $2.50 for each transaction in excess of six in a quarter.
- Interest is accrued daily on collected balances and is credited to the account quarterly.
- Quarterly statements are issued. An electronic funds transfer, such as direct deposit or ATM usage will generate a monthly statement.
