Affinity Bank Kids Only Savings is a great option for children to get started with their savings. Unfortunately, it’s only available to California residents. Aside from that, all that is needed to get started is a $1.00 bank account deposit. A further incentive is that Affinity Bank will give you 10% on the first $500 in your account. This rate is nothing to what us adults can receive in today’s market. Kind of jealous aren’t you?
This is also a wonderful idea and deal for parents and kids because it teaches children responsibility and more importantly it teaches them how to save money! Plus with every new Kids Only Savings account that is opened an Affinity Bank Piggy Bank will be received.
Children under the age of 16 are eligible to open an account. The parent or custodian must be over the age of 18. What is needed to open an account? The custodian must have or open a Gold Checking account with Affinity Bank and they will need a minimum balance of $100. That’s it!
The beauty of this offer is that children will receive 10% earnings until they turn 18 even though the cut-off age for opening an account is 16. Plus it will give kids a head start for when they get older and will be in need of money.
It is easy to setup an account and there is very little money need to get started. There is no telling how long this offer from Affinity Bank will be available so parents should jump at the chance and open a Kids Only Savings Account today! Discover more
here.
Another option here is opening an account for your child yourself.
CDs vs Savings Accounts might be a good idea and offer different benefits. Check them out.
