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.
Safe and seamless. We’re here to make your banking experience just that. To help you quickly navigate the account-opening process at your local branch, let’s start with what you need to have on hand:
✓ A parent or legal guardian (as the required account co-owner for those under 18)
✓ Forms of identification:
✓ Personal information:
✓ A minimum deposit of $10
✓ A security question and answer, to attach an extra layer of security to your account
*NOTE: If primary identification is less than 60 days old, address verification is required. Acceptable forms of address verification include: