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Accounts: Kids
Bank
Account Description:
Learning to save, budget and account for money is an important lesson to
learn at an early age. Rose Rock has an interest-bearing savings account
that will help a parent or guardian lead children to future financial
responsibility.
This is a variable rate account. The
interest rate and annual percentage yield may change after the account
is opened.
Requirements
- $50 minimum deposit to open
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No balance requirements on this
account
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Benefits
- No Monthly Service Charge
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Competitive interest rate on all
collected balances
- Free Internet & Telephone
Banking
- Bill Payment not
allowed
- ATM access with
parent on account
- No
Check Card Access
- Three
withdrawals per month
-
$1.97 Excessive Withdrawal Fee per debit
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Cost
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Flexibility to make up to three
over-the-counter withdrawals per month. Transfers to another
account or third parties by preauthorized, automatic, telephone
or computer transfer are also limited to three per month. There
is a $1.97 Excessive Withdrawal fee for each withdrawal after
the three-withdrawal monthly limit (nine per quarter).
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