Minors Savings

• You must deposit $10.00 to open this account.
  
• Interest will be credited to your account every 3 months.
  
• If you close your account before interest is credited, you will not receive the accrued interest.
  
• Interest will be compounded daily. We use the daily balance method to calculate interest on your account.  This method applies a periodic rate to the principal in the account each day.
  
• Interest begins to accrue on the business day you deposit noncash items (for example, checks).
  
• Transfers from a Minors Savings account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per month with no more than three by check, draft, or similar order to third parties.
  
• A customer debit fee of $3.00 will be charged for each withdrawal in excess of 3 during a quarter.