The Kids Count Savings Account is an excellent way to teach your child financial responsibility. This account is designed for you and your child to begin saving for his or her future, showing them that every dollar counts. A special account just for our customers under the age of 21, our Kids Count Savings Account can help your child start saving today. Higher rates are paid for higher balances. Kid Count Savings Accounts will be opened as a Kids Count UTMA (Uniform Transfer to Minors Act) Accounts.
Kids Count Savings Accounts are subject to Kids Count Savings Accounts are subject to federally regulated transaction limitations which dictate how many transactions by type can be completed within a monthly service charge period.
Unlimited withdrawals permitted if:
— Done in person, by messenger, by mail, or at an ATM.
— Made by telephone when a check is mailed to the depositor.
Unlimited transfers are permitted:
— Between accounts of the same depositor at the same bank, provided transfer is done in person, by messenger, by mail, or at an ATM.
— To pay loans at the same bank.
Up to six (6) transfers a month permitted to another account of the depositor at the same bank or to third party.
If you exceed the transaction limitations more than twice within a twelve (12) month period, your Kids Count Savings Account will be closed and transferred to a non-interest bearing checking account and will be subject to the terms and conditions of that account.
Click here to access our Clear and Concise Guide to the Kids Count Savings Account, a straightforward, easy-to-read guide to the most common fees and policies, such as ATM and overdraft fees.