- You may earn interest on
balances smaller than other accounts will pay on.
You will be familiar with this
account because it has been with us for a long time.
This account can be used to
isolate funds for special purposes or anticipated expenses.
The small balances required will
allow parents to use this account as a teaching aid for teaching
their children financial responsibility.
Because of the small balance
requirements, you can save and earn money despite moderate or
are many painless ways of saving, such as payroll deductions,
making this one of the easiest ways to save.
Your money is safe because the
federal government insures it.