UTMA Custodial Savings
This FREE Savings account was established under the Uniform Transfers to Minors Act for the benefit of a minor child. Funds in the Custodial account are irrevocable gifts and may only be used for the benefit of the minor and are managed by a parent or designated custodian. The account terminates once a child reaches the statutory age of 21 and he or she can use the funds as they wish. For more information regarding our UTMA account please contact one of our Personal Bankers today.
- Competitive Interest Rate1
- No Minimums Required
- Quarterly Account Statements or eStatements
- FREE Online Banking
- FREE Mobile Banking
|Minimum Opening Balance||N/A|
|Quarterly Maintenance Fee2||$0|
1 Interest is compounded and credited to the account on the calendar quarter. See current rate sheet for interest rates and APY.
2 Transaction Limitations: Federal regulations limit you to six “limited withdrawal” transactions per month. An excessive withdrawal fee will be assessed for each limited withdrawal transaction in excess of six per month. Withdrawals made in person, by mail, or through an ATM are not subject to this limitation.