Minor Savings
Benefits of a Youth Savings Account
Looking for a way to teach your child the ABCs of personal finance? Our Minor Savings account is a great way to get your child started saving early. The opening deposit is only $25, so you can start off small. Use your mobile banking tools to show your child how their money grows over time, or help your teen practice responsible saving habits. It’s an easy and fun way to start saving for the future today. Plus, you’ll enjoy free unlimited deposits and more.
- Minimum $25 Opening Deposit
- Minimum $50 Daily Balance to earn interest*
- Free Internet Banking for Parents/Guardians
- Free Mobile App Banking for Parents/Guardians
- Free 24 hour Telephone Banking for Parents/Guardians
- Great Way to Teach Your Child Good Money Habits!
- Free E-Statements
Develop Good Financial Habits
Research shows that kids develop money habits (good or bad) at an earlier age than you may think. With their own minor savings account, they can learn the value of compound interest in action. Watching their balance grow may encourage them to save even more. A child savings account is a great place to deposit gift money and any earnings. Whether you’re saving for a specific goal, like college, or just want to teach your child or teen to save, our special account for minors is the perfect place to start.
Open a Youth Savings Account Today!
First Exchange Bank has been helping West Virginia families reach their financial goals since 1932. Over the years, we’ve made a conscious decision to remain independent and to assist in the communities we serve.
To open a minor savings account with First Exchange Bank, visit one of our seven offices in White Hall, Mannington, Fairmont, Morgantown, Hundred, and Fairview. Our friendly employees are ready to provide excellent personal service and address all of your questions and concerns.
*Message and data rates may apply. Minimum deposit of $25 to open account. Minimum $50 daily balance to earn interest. Must maintain minimum $25 daily balance to avoid monthly service fee of $2.50. Fees may reduce account earnings.
