Accurate as of: March 16, 2010
Interest Rate: 0.500
Annual Percentage Yield (APY): 0.50
Junior Banker (Custodial Accounts)
| Amount Needed to Open | Any Amount |
|---|---|
| Monthly Fee Structure | No Charge (Age 17 or younger) |
| ATM Card Availability | NO |
| Monthly Benefits | FREE withdrawals |
| Interest Basis | Variable rate paid on daily balance. |
| Interest Compounding Period | Quarterly |
| Interest Payment Period | Quarterly |
| Statement Availability | NO |
At First Bank & Trust , we encourage youngsters to save. That's why we developed the Junior Banker Account -- to help children and young adults, ages 1 through 17, understand the value of money while having fun saving.
HOW DO YOU START?
It's simple to open an account -- all you need to do is speak with one of our personal bankers.
WHAT DO YOU GET?
In addition to learning the value of money and the rewards of saving, Junior Banker Account holders will receive:
- A gift certificate for tasty treats whenever the account balance exceeds its previous high balance by $100. The certificates are redeemable at selected local merchants.
- JUNIOR BANKER ACCOUNTS will earn our top passbook savings rate.
- A distinctive JUNIOR BANKER passbook.
- A "FOR KIDS ONLY" bank -- the perfect way to encourage saving at home.
- NO service charges.
- NO minimum balance requirements.