All offices will be closed on Monday, January 20th, in observance of Martin Luther King Jr. Day.

Custodial Share Savings Accounts

Get them off to a great start with a Custodial Share Savings account.

Apply in Branch

Not a Member? Join Today!

Young girl sitting at a desk in school listening to a teacher while taking notes with a pencil

More than an account, it’s a life lesson.

From those first deposits toward college, to weekly allowances, to an official paycheck, a Custodial Share Savings account provides our younger members a foundation for a lifetime of good financial habits.

Custodial Share Savings accounts are opened under the terms of the Uniform Transfers to Minors Act. A parent or legal guardian may open an account for a minor who is under 18 years of age.

Custodial Share Savings Accounts are the first step to lifelong saving.

Opening a Custodial Share Savings account for a minor is a smart way to help them start saving early. It can also be a way to teach foundational banking skills by:

  • Taking trips to the credit union to make deposits together

  • Looking at statements to talk about how saving adds up over time

  • Talking about what to save for and setting goals

Offering a leg up to higher learning.

At Wings, we're big believers in the value of education. So every year, the Wings Financial Foundation awards over $30,000 in scholarships to members planning to attend college, university or post-secondary technical school.

Find the Scholarship for You

Soon to be college graduates standing in a row in their caps and gowns

Common Questions About Custodial Share Savings Accounts

View All FAQs

What do I need to open a Custodial Share Savings account?

A parent or guardian opening a Custodial Share Savings account will need to provide the minor child's Social Security Number or Taxpayer Identification Number.

Who can make transactions on a Custodial Share Savings account?

Do Custodial Share Savings accounts earn dividends?

What happens to a Custodial Share Savings account when the child is no longer a minor?