"Moola Moola" Children’s Savings Accounts

No Minimum Balance // No Service Fees // Earns Interest

 

It may be years before your child’s first car, but it’s never too early to teach them the skills they’ll need to afford one.

Our children’s savings accounts introduce young financiers to the importance of saving. Your child will see their balance grow, learn about the power of compound interest, and work toward small or large goals.

We aren’t born savers, but you can give your child the tools to become one. Stop by a branch to learn more and open an account for your child.


 

Minimum balance to open:

$25.00

Minimum balance to avoid fees:

N/A

Service Charge:

N/A

Interest:

Compounded quarterly, credited every quarter.

We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.

Transaction Limitations:

Transactions from this account to another account or to third parties by telephone transfer are limited to six per month with no transfers by check, draft, debit card or similar order to third parties.

Excessive Withdrawal Fee:

$1.00 per debit fee for excessive activity will be charged for each debit transaction (withdrawal, automatic transfer or payment out of this account) in excess of three during a quarter.

Closing an Account:

If you close your account before interest is credited, you will not receive the accrued interest.