Start something big.
This account can ensure your children the bright future you imagine for them. Anyone under 18 years of age can take advantage of this unique savings option available only at The Peoples Bank Co. It is a great way to save for college and a practical tool for teaching young people the value of working towards their goals.
- Affordable to everyone because you can open this account with just $10.00!
- High variable interest rate is tied to prime. Your rate is guaranteed to increase every time the prime rate increases!
- Interest rate is similar to short term CD rates
- Possible tax savings because the account is in the child's name
- Unlimited deposits so you can save a little each week!
- No withdrawals until the child is 18 or entering college ensures you that the money will be there when you need it
- When the child becomes 18 years of age, the money is simply transferred to a statement savings account with no restrictions and no penalty if the child decides not to go to college!