Little hikers walking on a tree trunk in forest stock photo
Youth Savings
Teaching children to save at a young age will help them establish good life-long savings habits for their futures. Access your youth savings account 24/7 through any of our Digital Banking services and your kids will love watching their accounts grow.
no | Minor Savings Ideal for children 12 -18 years old | iHike Savings Ideal for children under 12 years old |
|---|---|---|
no Opening Deposit Required: | Minor Savings $25 | iHike Savings $50 |
no Minimum Balance: | Minor Savings None | iHike Savings None |
no Monthly Service Charge: | Minor Savings None | iHike Savings None |
no
| Minor Savings Unlimited deposits | iHike Savings Unlimited deposits |
no Conditions:
| Minor Savings Earn the incentives below just by having an active account | iHike Savings Earn the incentives below just by having an active account |
no Incentives: | Minor Savings Earn current interest rate on the account's entire balance | iHike Savings Earn current interest rate on the account's entire balance |
The statement cycle for the youth savings accounts is the calendar quarter. Interest is credited to the account on the last day of the current statement cycle. A parent or guardian must be a joint owner on all youth accounts. When the youth turns 18, the account will be converted to a Regular Savings. Coupons provided in the iHike Trail Map are limited to a total of $10 per calendar year. These accounts do have transaction restrictions. If you make more than six (6) withdrawals per month, you may be subject to additional service charges. This includes checks, online banking transfers, ACHs, and other scheduled transfers.
Contact a personal banker for additional account terms, information or Digital Banking enrollment instructions.
