Custodial accounts are a great way to get kids interested in
finance while providing for their future. You, as custodian, manage the account and may use the money for
any purpose that benefits the child, such as education expenses, driving lessons, braces, and more. When
the child reaches adulthood, control of the account transfers to them. BFSFCU offers a variety of
custodial accounts that you can set up for your child.
Saving Accounts 1
No account maintenance fees
No minimum balance requirements to open or earn dividends.
1 Joint account with adult 18 years or older required. Additional terms and conditions
apply. See the Truth-In-Savings Disclosure for details.
2 Deposits must be made at least once per month. Total deposits each month must equal
or exceed $20. Failure to meet the monthly minimum deposit will result in account closure and transfer
of the balance less penalty to your Savings account. Withdrawal or cancellation prior to maturity will
result in the loss of 180 days of dividends on the amount withdrawn.
Digital Banking services are not available for children under the age of 13.