Building Smart Financial Habits for Saving and Spending
You believe in teaching your child about setting financial goals and managing money wisely. We believe in that too and that’s why we’ve created banking options for the financial stages of your child’s life, from saving birthday money to a first job.
Kids Savers Club
Perfect for: Savers just starting out ages 0-16.
Help your child learn the importance of saving with our Kids Savers Club. It’s easy with:
- No fees or minimum balance requirement.
- Online Banking and Mobile Banking to check balances, transfer money and more.
- Special prizes when making a deposit for kids 10 and under.
- ATM access not available.
- Account will automatically covert to a Basic Savings Account during the month your child turns 16 years old.
My Future Fund
Perfect for: Savers with a bigger goal ages 0-18.
Building your child’s savings couldn’t be easier with My Future Fund. Offering one of our highest interest rates, this account:
- Earns 5.09% APY* on the first $2,000.00 and 1.09% APY on funds above $2,000.00.
- Takes advantage of automatic deposits to help grow account balance grow.
- Can be managed through Online Banking and Mobile Banking.
- Account matures at child's 18th birthday.
* Requires a $200.00 minimum deposit to open at $50.00 automatic monthly deposit from a Merchants Bank account. Annual Percentage Yield effective May 13, 2019. Rates may change after the account is opened. Fees could reduce account earnings. Account converts to Basic Savings the month of primary owner's 18th birthday. Funds are available for withdrawal at that time.
Perfect for: Teenagers.
Give your child the tools to understand basic money management with our Student Checking account:
Frequently Asked Questions