Kids Deposit Accounts

          Silver Dollar Savers Club

 

Is the perfect way for children up to and including 17 years of age to save (only one Silver Dollar Saver Club savings account per child.)

 

You must have a parent/guardian on the account with you.

 

The account requires a $10.00 minimum deposit to open the account.  When opening the account with a deposit of $500 to $1,000, you will receive a bank T-shirt and hat.  For an opening deposit of $1,000 or more, you will receive a bank jacket.

 

For each deposit of $5.00 or more you will earn one credit on you Silver Dollar Savers Club Card. (Limit of one credit per week.)  Automatic transfers will not be qualifying deposits on the Silver Dollar Savers Club account.  The teller will initial your club card at the time the deposit is made.  We will keep the Club Cards in a file at the bank for safekeeping and give you a savings register book to bring in each time you deposit funds.  The savings register book will serve as your record of deposits.  After ten deposits of $5.00 or more, the Bank will deposit a bonus of $5.00 into your account, and will prepare a new Club Card for you to fill up once again.

 

You will earn the same interest rate on your Silver Dollar Savers Club account as we offer for the regular statement savings account.

 

You are allowed one free withdrawal per calendar quarter.  Any additional, withdrawals will be subject to a $5.00 penalty fee.  You must have a parent/guardian’s signature on the withdrawal slip.