Penny Savers
Every kid has heard, "a penny saved is a penny earned." But to truly instill the lesson, make it active. This interest-bearing savings account for children under 18-years-old is a great way to do so.
At Founders, we believe one of the greatest lessons we can teach our children is one of financial thrift and independence. If learned early in life, good savings habits become that, habits. And there will be a whole lifetime to benefit from them.
- Summary
- Must be under 18-years-old* to open (account no longer valid after the age of 18)
- No minimum daily balance
- $5 minimum to open (no minimum thereafter)
- Interest earned on balances greater than $5
- No quarterly maintenance fee
- Interest compounds quarterly
- Unlimited over the counter withdrawals
- Six withdrawals (online, by phone, check, etc.) allowed per month
- Teaches invaluable lessons for financial security
Check out our interest rates here.
*At the age of 18, the account will be converted from a Penny Savers to a Savings Account.
