Designed especially for early savers, Savings1 provides a safe and secure introduction to banking and the opportunity for minors to start saving for the future.
- Account holder must be under the age of 18 with a qualified custodian
- $25 minimum opening deposit
- No minimum balance requirement
- No monthly service charges
- Interest paid on all balances
- Receive 3 withdrawals or transfers each month at no charge*
- $10 fee per withdrawal or transfer in excess of 3 per month
- No charge for personalized deposit and withdrawal slips
- Visa® Debit Card (issued to custodian only)
- Online Banking with limitless Bill-Pay
- Quarterly paper statements at no charge
- eStatement available if combined with checking account
*Unlimited “in person” withdrawals are permitted; however, federal regulation limits pre-authorized, automatic, telephone, check, draft or similar transfers to six per month.