Gateway’s Youth Savings Account
Knowing how to spend and save money wisely is a crucial skill for children and young adults. Our Youth Savings Account is ideal for teaching your kids the ins and outs of banking and setting them up for a prosperous future.
Account at a glance
| Minimum opening deposit | $5 |
|---|---|
| Minimum balance required to avoid service charge | No minimum balance requirement. |
| Monthly charge if your account goes below the minimum | N/A, no minimum balance. |
| Earns interest | Yes |
| Free online banking | Yes |
| Online bill pay | No |
| Additional benefits | Three (3) free withdrawals/debits per quarter. $1 for each one after that. |
| Important notes | Interest will be compounded and credited quarterly. Federal Regulation has a limit of six (6) preauthorized withdrawals or transfers each month. |