Custodial Share Savings Accounts
Get them off to a great start with a Custodial Share Savings account.
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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.
No Monthly Fees
Avoid monthly or service fees as a member.
Earn Dividends
Save even quicker with monthly or quarterly dividends, depending on your account.
Easy Deposits
Save more with automatic payroll deposits or account transfers.
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:
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Taking trips to the credit union to make deposits together
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Looking at statements to talk about how saving adds up over time
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Talking about what to save for and setting goals