Minor's Savings Account

We’re Still Community….

Your hometown community bank since 1952.

 For more information, please call us at 753-1521.

  • There is a minimum deposit of $50.00 required to open this account.  
  • This account is an interest bearing account for individuals under the age of 18 and must be opened by an adult.  There is no service charge on a Minor's Savings Account regardless of balance.  The interest rate and annual percentage yield may change.  At our discretion, we may change the interest rate on the account.  We may change the interest rate on the account daily.  Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example: checks).  Interest will be compounded monthly.  Interest will be credited to the account monthly.  If you close the account before interest is credited, you will not receive the accrued interest.
  • Six withdrawals per month are permitted, anything in excess of this will be charged $3.00 each.  Pre-authorized transfers are limited to six (6) for each four (4) week or similar period.
  • We use the daily balance method to calculate the interest on the account ("Balance"). This method applies a daily periodic rate to the principal in the account each day.
  • A $5.00 monthly inactivity fee will be charged for inactive accounts with balances of $50.00 or less. This fee can be avoided by keeping your account active. An account becomes inactive after one year of no activity on the account. Activity is defined as any transaction, such as a withdrawal, deposit, bill payment or ACH payment. An account inquiry, such as checking your balance in Option Online (internet banking) or at an ATM, is not a transaction and does not count as activity. If the account balance is less than $5.00, the account will be debited for the remaining balance and the account will be closed.