Our Superkid’s Savings is designed specifically for minors to learn the importance of saving. They can safely deposit any cash or checks given to them for birthdays or holidays, as well as any other money they earn. The deposits will grow with interest compounded and credited quarterly with a variable interest rate. Best of all, there is no minimum balance for children under the age of 18 years old.

We require the following items to open a minor savings account:

Additionally, UTMA savings accounts allow the gift giver or an appointed client to manage the minor’s account until the minor is 21 years of age. It also shields the minor from tax consequences on the gifts, up to a specified value.