Youth Savings

Gateway’s Youth Savings Account

Knowing how to spend and save money wisely is a crucial skill for children and young adults. This savings account is ideal for teaching your kids the ins and outs of banking while setting them up for a prosperous future.

Account at a glance

Minimum opening deposit$5
Minimum balance required to avoid service chargeNo minimum balance requirement.
Monthly charge if your account goes below the minimumN/A, no minimum balance.
Earns interestYes
Online banking includedYes
Online bill pay includedNo
Additional benefitsThree (3) free withdrawals/debits per month ($1 for each one after that). Interest will be compounded and credited quarterly.
Important notesUnlimited withdrawals in person. Federal Regulation and our deposit agreement limit the number of withdrawals and/or transfers that may be made from a savings account by telephone/PC transfer, pre-authorized transfer, check or debit card. You are limited to 6 withdrawals and/or transfers from your savings account each monthly statement cycle by pre-authorized transfer, or telephone/PC transfer (including bill payments). And, if the account permits transfers by check or debit card, no more than 3 of 6 limited transferes may be by check or debit card.

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