Custodial Accounts

A custodial account is a savings account established for a minor and managed by a custodian until the minor becomes an adult. Funds transferred into a custodial account are an irrevocable gift to the minor. The custodian (manager) of the account may only use the money for expenditures that benefit that minor.

The custodian retains full control of the account until the minor reaches adulthood at which time full control over the account will transfer to the young adult.



SAVINGS ACCOUNTS


Our basic Savings Account has no account maintenance fees and no minimum balance requirements to open or earn dividends. Dividends are paid and compounded quarterly.

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CHECKING ACCOUNTS


Our standard Checking Account is truly free; there are no minimum balance requirements and no monthly fees.



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YOUNG SAVERS SHARE CERTIFICATES*

  • Guaranteed return on your investment
  • $100 minimum deposit to open
  • Monthly contribution of at least $20 required

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SHARE CERTIFICATES

Share certificates are a type of savings account that earn a guaranteed rate of return when you agree to not make any withdrawals for a set period of time. The interest rate you earn is typically a reflection of how long of a period of time – or “term” – you choose, and typically the longer the term, the higher the rate.

We offer share certificates with competitive rates that range from 91 days to 10 years, with a minimum deposit of $1,000 required.

More information about share certificates is available here, including the latest rates.

1 Joint account with adult 18 years or older required. Additional terms and conditions apply. See the Truth-In-Savings Disclosure for details.

2 Deposits must be made at least once per month. Total deposits each month must equal or exceed $20. Failure to meet the monthly minimum deposit will result in account closure and transfer of the balance less penalty to your Savings account. Withdrawal or cancellation prior to maturity will result in the loss of 180 days of dividends on the amount withdrawn.

Digital Banking services are not available for children under the age of 13.


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Financial Discovery Center

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