Available to those under age 18. Requires an adult custodian.
- No minimum deposit required to open
- No monthly maintenance fee or minimum balance requirements
- Transaction Limitations:
Any withdrawals or transfers from this account exceeding three (3) per month will incur a Service Charge of $3 per withdrawal or transfer
- Regulation D limitations on withdrawals and transfers apply***
- On-Line Banking available with no fee for account inquiries and transfers between accounts
- Interest is calculated using the daily balance method by applying a daily periodic rate to the principal balance in the account each day.
- Interest is compounded daily and credited quarterly
- Printed Statements are provided quarterly; if electronic activity occurs, a printed statement will be provided monthly
- Electronic statements available
***Regulation D Limitations on Withdrawals and Transfers: Withdrawals or preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card or similar order to a third party are limited to six (6) per statement cycle. If an account continuously exceeds the debit transaction limit, we are required by federal regulation to close the account or transfer the account to another type of account.