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Is there an incentive for my child to save?
Yes, children receive a prize each time a deposit is made.
Is there a minimum monthly deposit required?
Yes, a minimum monthly deposit of $10 is required to waive the minimum balance of $25.
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 Call 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.