The Perfect Way to Start Your Child's Financial Journey.
This account, designed for minors aged 0-17, is not only beneficial but also incredibly easy to open. With a social security card and a parent or guardian as a joint account holder, you can set up this account in no time. It's an excellent option for grandparents looking to invest in their grandchildren's future or for parents saving for important milestones like a first car.
Our Youth Savings Account not only caters to minors but also offers all the perks of our standard savings account. With balances above $50, there's no monthly service fee, and even if the balance dips below, the quarterly fee is just $5. Enjoy the flexibility of three withdrawals per quarter, with a minimal fee for additional withdrawals.
Convenience is at the core of our account, with online and mobile banking, mobile deposit capture, and X-Press Banking. Plus, features like night deposit, wire transfers, e-statements, bill pay, and automatic funds transfers ensure you have complete control over your child's savings, making it a stress-free experience.
As your child grows, transitioning to a Bank of Vernon Savings account is easy. At age 18 for Mississippi residents and age 19 for Alabama residents, they can update their signature card without their parent or guardian's signature and continue their financial savings and growth. This account provides a secure foundation for their financial future. Start building a bright financial future for your child today with a Bank of Vernon Youth Savings Account.
Bank of Vernon is a full-service Community Development Financial Institution with locations in Mississippi and Alabama.