Junior Savers

Personal


Junior Savers Account

Teach your child the importance of saving by opening a Junior Savers Account, open to all minors age 12 and under. This account has no minimum balance or monthly service charge. The Junior Savings Account will convert to a Statement Savings Account when the minor reaches the age of 13.

Pricing information and disclosures

  1. Interest Information: CSB’s Junior Savers Account earns interest. Please request a Rate Sheet for the interest rates and annual percentage yields. The Bank may change the interest rate and annual percentage yield (APY) at any time without notice. Your interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). Interest on your account will be compounded quarterly and credited quarterly. The Bank uses the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the balance in your account each day. When your account is closed you will forfeit any accrued interest.
  2. Important Notice: CSB savings accounts are limited to a combined total of six of the following transactions per calendar month: checks and pre-authorized withdrawals/transfers (online and telephone transfers, bill payments, and automatic debits are examples of these), ATM or teller withdrawals.
  3. Excess Transfers: If you exceed the transfer limitations set forth above in any monthly cycle, your account will be charged $5 per excess item. You will receive notification each month you exceed the allowable number of withdrawals and transfers mentioned above. After exceeding this number in 3 of the last 12 months, your account will be automatically transferred to a checking account or closed.

Deposit balances are insured up to the maximum amount permitted by law. Please see www.fdic.gov for insurance coverage. Casey State Bank reserves the right to refuse any deposit.

Please refer to the fee schedule for more information regarding this account.