Having a savings plan is never a bad idea — something that remains universally true for any stage in life. Available to our youngest customers, Minor Savings from Peoples Bank helps set your child up for success on a slightly advanced timeline.
With no monthly service fee and competitive interest on balances of all sizes, all of your young saver's money goes toward their goals — however large or small. Plus, free money management tools provide the know-how that will be invaluable later on in life.
- Available to customers under 18 years old
- Competitive interest earned on average daily balance
- No monthly service fee
- No minimum balance requirements
- $50 hold on account for first 120 days (withdrawals cannot be made during that time)
- Establishes a strong financial foundation from an early age
- 1 free withdrawal per month; $3 fee for withdrawals in excess
- Free online banking
- Free eStatements
- $50 minimum deposit to open