Young Savers

The perfect place for birthday cash and weekly allowance money.

 
Unlike a piggy bank, we pay interest on all those nickels, dimes, and dollars.
Young family laying on floor smiling.
Saving money is important! This special account helps kids develop a habit that can last a lifetime.




Kids start small and grow quickly. The same thing can happen with their savings accounts. After opening your child’s Young Savers Account, encourage your son or daughter to make regular deposits. Use our digital banking tools to help them monitor their progress. Discuss how the money might be put to good use some day. Here are some other First National Bank tips for our young savers:
 
  • Make depositing money a habit by doing it on a regular basis – weekly, every other week, monthly, etc.
  • Decide ahead of time what portion of each cash gift, chore earnings, or part-time job pay will go into the bank
  • Set short-term and long-term goals that motivate your child to keep the savings momentum going

Account Details


Family cycling on a trail.
  • Young Savers accounts are for children 12 and under
  • Parents or legal guardians serve as joint account holders
  • Accounts may be opened with as little as $10








Disclosure For All Interest Bearing Deposit Accounts
 
The following applies to all interest-bearing accounts listed on this schedule of fees and services. The interest rate and Annual Percentage Yield (APY) are subject to change weekly.
 
  • Balance Computation Method: We calculate the interest on your account using the daily balance method. This method applies the daily periodic rate to the principal in the account on each day. Interest is paid (credited) and compounded monthly, except for Regular Savings, which is paid (credited) and compounded quarterly.
  • Accrual: Interest begins to accrue no later than the day we receive full credit for the deposit of non-cash items (for example, checks)
  • All interest-bearing accounts are variable-rate accounts. We may change the rate at our discretion.
  • If you close your account before interest is credited, you will receive interest only if you notify us at the time of closing. You will not receive your accrued interest if you do not tell us you are closing your account.
  • Effect of Fees: Fees may reduce earnings.