Young Investors Savings Account
Our customers age 21 and younger will enjoy the advantages of an account we designed especially for them. This account is the perfect way to show children how to save, what earning interest means, and help them save for something they are striving for whether it’s something big or small.
Service Charges
- A fee of $5.00 will be imposed for each debit transaction (withdrawal, automatic transfer, or payment out of this account).
Features
- Interest compounded and credited quarterly
- Interest is calculated using the daily balance method
- Quarterly statements (Monthly statement if there is electronic activity)
- Free Online Banking
- Free eStatements
- Free Telephone Banking
Eligibility for this account concludes at age 21.
View Rates
Transaction Limitations on all Money Market and Savings Accounts:
Federal Regulation D limits the number of transfers or withdrawals from each of these accounts to another account of yours or to a third party made by check, draft, debit card, telephone, online banking, mobile banking, as well as preauthorized, automatic, and wire transfers to six (6) per month. Transactions made in person at the bank, by mail, or at an ATM are not included for calculating Regulation D transaction limitations. If you exceed the transaction limitations, your account may be subject to closure.
Annual Percentage Yield accurate as of 7/1/19. Interest rates of 10.00% on daily balances up to $250.00, 1.50% on balances between $250.01 - $25,000.00 and .30% on balances of $25,000.01 and above, which results in an APY between 10.38% and .73% depending on the daily balance in the account. $50 to open account. A $5 charge will be assessed for each debit or payment out of this account. Eligibility concludes at age 21. Rate may change after account is opened.
