Interest-earning savings account for children up to
12 years old.
Just $5 to open account and Bank matches the $5!
Kids get goodies when account is opened (piggy bank, color book, stickers, etc.)
Maintain daily balance of $5 to earn the posted annual percentage yield
No balance maintenance fee
Limit of 6 transfers, payments or withdrawals per statement cycle, of which only 3 can be made payable to a third party. Excess withdrawal fee of $3 is assessed after limit is reached per cycle.
Quarterly statements
Interest is forfeited if account is closed before statement cycle