At 1st Advantage Bank, we believe building good financial habits should start early. We’re here to help, with the information young people need to understand the basics of how money works and the tools to help them achieve savings success.
Whether you child is very young and just getting started learning about money from their allowances or your teen has a part time job, teaching them the savings habit is an important one to help kids establish when they are young.
Our Piggy Bank Savings account will get them started on their financial path.
$10.00 minimum to open
Available to minors (under age 18)
No service charges
Account is allowed six (6) pre-authorized transfers or withdrawals per month
Interest is compounded quarterly and added to the balance of the account on the last day of the statement cycle (quarterly)
Tips for Teaching Your Child to Save Money
The habit of saving money may be a crucial life skill, but it is not always an easy one to learn. Starting good practices at an early age, helps get your kids excited about the value of savings.
