Children’s Savings Account
- No minimum opening deposit
- No minimum balance required until age 18
- 6 free withdrawals per statement cycle
- Quarterly statement
- Fee Free ATM card
- Interest paid quarterly
- An excess transfer fee of $3 will be charged per withdrawal in excess of 6 per quarter
- After age of 18, the account will convert to a regular savings account
- Closing the account within 90 days of opening will result in a $10 fee
** Disclosure of fees and charges are available upon request and at account opening.
Note: Regarding excessive transactions federal regulations permit no
more than 6 preauthorized, automatic, Internet or telephone transfers to
your other accounts or third parties (including
transactions made with a debit card) per statement cycle.
If you exceed the above limitations your account may be transferred to a transaction account.