Savings Accounts for Children
Building Savings for Tomorrow's Opportunities
Opening a savings account for a child, also known as a custodial savings account, helps families begin saving early for a child’s future: education, career training, or other long-term goals. Even small contributions can grow over time and help set children on a path toward financial confidence and opportunity.
Children's Savings Accounts are designed to make saving easy, accessible, and rewarding, along with helping to build positive financial habits along the way. Every amount helps and contributions can be made through deposits as needed or automatic, recurring transfers.
Choose from our traditional First Choice Savings Account or Certificate of Deposit options and know the child's funds are safe in a federally-insured account.
- Account is held by the custodian (one per account permitted), which can be a parent, relative, or guardian
- Custodian has the option to release the funds to the child at 18, with release required once the child reaches 25 years of age
- For First Choice Savings: $100 minimum deposit to open with no monthly service charge until the child reaches 18 years of age
- For Certificate of Deposit: $500 minimum deposit to open
- Free online banking
- Free eStatements
- Free mobile banking with mobile deposit
- Free telephone banking
For account information, click on the Truth in Savings disclosure links below: