CUSTODIAN ACCOUNTS
For Youth and Parents
For your child, we offer Brighter Future Banking, which includes savings account rates tailored specifically for them. The earlier your kid begins to save, the faster their funds will increase.
What is a Custodial Account?
You can make a precious and much-needed financial gift nowadays, to a child and open a savings account on their behalf as a parent, grandparent, another family member, or guardian. This is referred to as a Custodial Account. On behalf of the minor, the custodian is responsible for handling and distributing the funds in this account.
This makes your kid learn a good habit of saving money, right from the beginning and they will grow into more responsible human beings.
For both checking and savings accounts, we give custodian and minor account options.
When you open a custodial account with us, you get the following benefits
- Both Checking and Savings account options available.
- Low monthly fees
- No limit for maximum balance
- You will get a debit card in the custodian's name
- With checking accounts, you can get a free Visa debit card.
