Teach them the value of savings and investment by opening up a Kids CD (Certificate of Deposit). Plus they can add their allowance throughout the term of the CD to really watch their money grow!
Account Features1
- Unlimited Deposits of a Minimum of $50 Can Be Made Throughout the Term of the CD
- 6 Month and 1 Year Terms
Interest Bearing
Minimum Opening Deposit
$500
Minimum Daily Balance
$500
Withdrawal Restrictions
Penalties are based on the term of the CD and may be incurred if a withdrawal of the principal is conducted on the CD prior to maturity2
- Must be titled as a custodian account or joint tenants with rights of survivorship. Primary account owner must be under the age of 21
- Only interest credited to the CD can be withdrawn at any time prior to maturity without penalty
For complete terms governing your account, please consult the Customer Agreement and Disclosure Statement, which can be found at
www.bankfinancial.com/disclosures/. The terms of the account, including fees or features, may change