Is there a minimum balance required?
No, there is no minimum balance required.
Is there an incentive for my child to save?
Yes, children receive a prize each time a deposit is made.
Does Regulation D apply to my child’s savings account?
Yes, Regulation D limits the number of regulated transactions to a maximum of 6 per month.
What is a regulated transaction?
Pre-authorized payments to third parties.
Transfers made through the Communication Center, e-Branch, or CU Hear from a savings account to another share account.
Transfers from a savings account to a checking account to cover overdrafts.