Savings Account ~ Children (under 18)

  • Minimum deposit of $100.00 required for opening account.
  • There is a service charge of $1.00 for each withdrawal or transfer over 6 for each three months or quarter cycle.
  • This is an interest bearing account.
  • Interest is paid quarterly.
  • Interest must exceed $1.00 to be paid.
  • If an account has no activity for a period of 1 year and has a balance of $5.00 or less the service charge will be the remaining balance.
  • Debit Item returned due to NSF - Overdraft charge applies (see OTHER FEES)
  • Balances are FDIC insured.
  • A statement is provided quarterly.

  • 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 irregular income.
  • There 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.

  • Students and young children
  • Young people opening their first savings account.

Other fees may be charged on your statement:
See Other Fees

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