This account is made just for the small Saver or for the parent or grandparent who wants to teach youth about the advantages of saving or just to get them started. This account is for youth under the age of 18.
The minimum balance to open the account is only $1.00.
They must continue to deposit $1.00 a week or $5.00 a month. This account will earn above the current savings rate at 0.25% higher than the regular rate. Once $51 is reached it rolls into a 6 months Certificate of Deposits at a higher rate than our normal rate by 0.5% above our 6 month Certificate Rate. Then the Savings starts over again and again, earning more Certificates of Deposit.