Children’s Savings
Save For America Savings
Our children’s savings program teaches children the value of saving. The U.S. Department of Education and the Minnesota Commerce Department endorse this program.
- Minimum to Open: Bank deposits the first $1.00 in the account
- Minimum Balance: NONE
- Service Charges: NONE
- Interest: Variable, earned daily and compounded quarterly with $10 minimum balance. Please contact our Savings Department for current interest rates.
- Tiers: NONE
- Free telephone transfers*
- Quarterly statements or monthly if combined with checking unistatement
- Free coin bag
- Deposits can be made at school banking days or at the bank
- Withdrawals can only be made at the bank
- At least one parent or guardian is joint owner of the account
Save For America Program
Statement Savings
The perfect account for the beginning saver. No service charges for the first 3 months on new accounts. Service charges waived for account holders under 18 years of age.
- Minimum to Open: $10
- Minimum Balance: $200 average quarterly balance
- Service Charges: $3 per quarter if average quarterly balance falls below $200
- Interest: Variable rate earned daily and compounded quarterly with $10 minimum balance. Please contact our Savings Department for current interest rates
- Tiers: NONE
- 9 free withdrawals per quarter, $.50 thereafter
- Free telephone transfers*
- Quarterly statements or monthly if combined with checking unistatement
Additional Information
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