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First Rate Savings for Minors

Teach your child the art of saving with a custodial savings account with no minimum balance requirements. This account is for children under the age of 18 and a guardian must sign for the child on this account. To access this account through Online banking you must have a qualified checking account with First Bank of the South.
  • No Minimum Balance.
  • The custodian can make three free withdrawals each month and pay only $3.00 for each additional withdrawal.
  • Federal transaction limitations will apply for all transactions on this account whether conducted on the Internet, by telephone, by check, through automatic withdrawal, or due to activation of overdraft protection.
Rates Effective 09/19/2006
Interst Rate APY*
1.20% 1.20%

*Annual Percentage Yield
**The Interest Rate and Annual Percentage ("APY") are accurate as of the date shown. At the Bank's discretion, rates and yields are subject to change without notice after the account is opened. Interest is calculated and compounded quarterly on the collected balance in your account and credited to your account quarterly. Fees may reduce earnings.
Minimum deposit to open account is 25.00.
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