Learning to save should start at an early age. That’s why PrinsBank developed a special savings account just for kids. It’s important to teach kids the value of money and make saving fun!
- $20 minimum opening deposit
- Free piggy bank for children age 10 and under at account opening
- No minimum balance
- No monthly service charge/maintenance fee
- Variable interest rate that may change at any time
- Interest accrues daily and will be compounded and credited on a quarterly basis
- Quarterly statement
- EFT statement provided monthly
- Parent or legal guardian required as signor on account
- Withdrawal limits (see account disclosures)
- Automatically transfers to our Traditional Savings at age 21