Phone: 281-325-5000

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Must be under 18-years-old* to open (account no longer valid after the age of 18)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 statement cycle
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.