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Junior Savings Account

An account that compounds interest quarterly.

Requirements and Restrictions
  • Must be for the savings of a minor (under age 18) to open the account
  • Must have parent or legal guardian as party to account
  • No minimum balance is required to open the account
  • Account will convert to a Standard Savings Account upon attaining age 18
  • No electronic payments to a third party are permitted

Benefits

  • No service charges apply
  • Interest is earned on the account regardless of balance


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