Youth CDs
This one’s for the kids! Youth CDs allow individuals under the age of 18 to be a primary owner.
- 6-month term
- Primary owner must be under age 18
- $75 minimum opening deposit
- Additional deposits can be made in amounts of $25 or more
- Quarterly statements
- CDs pay a higher rate than savings accounts
- Interest is earned when entire balance of $75 is maintained
- May be subject to early withdrawal penalty