Taking care of future generations' finances.
Similar to our Regular Share Account, this type of account is intended for Members with children and grandchildren under the age of 18. It is a helpful way to help them save for things they’ll need when they grow up, like a first car or even a college education.
Please note that the minor is the owner of the funds, and their social security number is used for tax purposes. The adult Member is the Custodian of the money, and is the only one who can access the balance until the minor turns 18 years old and the account is turned over.
- Unlimited deposits/withdrawals
- Interest calculated daily, credited monthly
- Quarterly statements by mail or web *
* Monthly with a companion checking account, semi-annually for inactive accounts
Recommended for :
Members who want to help someone start saving at an early age.