Learn to save at a young age!
Allow your child 18 years or younger to learn what a savings plan is all about.1
Children's Savings Features
- No minimum to open
- Interest is earned on the entire balance
- Limit of six withdrawals and/or transfers from account per month2
- $2.00 charged for each service-chargeable debit over 6 during the quarterly statement cycle
- $.07 charged for each item deposited over 150 during the quarterly statement cycle
Learn to save at a young age!
Allow your child 18 years or younger to learn what a savings plan is all about.1
Children's Savings Features
- No minimum to open
- Interest is earned on the entire balance
- Limit of six withdrawals and/or transfers from account per month2
- $2.00 charged for each service-chargeable debit over 6 during the quarterly statement cycle
- $.07 charged for each item deposited over 150 during the quarterly statement cycle
Additional Information
Accounts opened for individuals younger than 14 must be opened under the Uniform Transfer to Minors Act (UTMA).
Children under the age of 18, or the required age in your state, must have a parent or guardian as a multiple-party account owner.
1 The Children's Online Privacy Protection Act (COPPA) was passed to give parents increased control over what information is collected from their children online and how such information is used. The law applies to websites and services directed to, and which knowingly collect information from, children under the age of 13. Renasant Bank's websites and online services are not directed to children under the age of 13, nor is information knowingly collected from them. For additional information on COPPA protections, link to the Federal Trade Commission's website at https://www.consumer.ftc.gov/articles/0031-protecting-your-childs-privacy-online.
2 You may make no more than six transfers and withdrawals, or a combination of transfers and withdrawals, per monthly statement cycle (or each month if you have a quarterly statement cycle). Transfers and withdrawals include preauthorized or automatic transfers, telephone transfers, online banking and mobile banking transfers, and transfers by check, draft, debit card or other similar transactions from your account.
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Tracey Morant Adams is a Senior Executive Vice President and the Chief Community Development & Corporate Social Responsibility Officer for Renasant Bank.