Custodial Savings Accounts are usually opened on the behalf of children under the age of 21 but can be opened for anyone, of any age, that would benefit from having a custodian administer their account. The account is opened in the name of the individual who will benefit from the funds and the name of custodian.  An initial $5.00 deposit is required to open account.

• Only the Custodian can make withdrawals from this account
• Dividends on these accounts are paid quarterly on an average daily balance of $100 or more. For main account holders who are under the age of 18, dividends on these accounts are paid quarterly on an average daily balance of $5.00 or more

View our Current Savings Account Rates

Saving Calculators

Smart Money Tip – Open a joint share savings account for minors so that when they turn 18 years of age you will not have to close the custodial account and open a new savings account under their name.