Northwest Bank - Savings - Minor Savings - UTMA
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Savings

Minor Savings - UTMA

Our Minor Savings Account is ideal for our banking customers who are under the age of 21. This account is a custodial savings account that still offers flexibility and the opportunity to earn interest.

Opening Deposit: $100

Interest: Balances greater than or equal to $25 will accrue interest daily and will be credited to the account semi-annually.

Monthly Service Charge: $0

Features:

Free E-Statements
A custodial savings account for minors under the age of 21.
Account provides a way to legally transfer ownership of funds to a minor while prohibiting the minor's direct access to the funds.
Six withdrawals per quarter at no charge; Eligible for six withdrawals per month.
Free Online Banking