Personal Banking / Minor Savings

Minor Savings

ZeusThere has never been a better time to join Zeus and the Smart Savers in their quest to teach children to save. Children of all ages can benefit from a Minor Savings account at Citizens State Bank. This account pays one of the highest yields in the country. It highlights fun incentives to encourage children to save including monthly activity sheets available at all offices. Take an active role in speaking with your child about their savings goals.

Minor Savings

  • Open a minor savings and teach your child to save with a high earning savings account. 
  • $10 initial deposit required.
  • Account earns current minor savings account APY* on balances up to $10,000.00, a portion of balance over $10,000.00 will earn current APY* of a regular savings account.
  • Interest compounded monthly with monthly statements.
  • Must be under the age of 18 to qualify for this account.
  • One minor account per child required.

*Annual Percentage Yield.
*Annual Percentage Yield. For children 17 years of age and younger. Interest is paid monthly with no monthly fees. $10 minimum to open account. APY* is good as of April 26, 2018 and rate may change at any time.

Smart Savers Club (14 and under)

When opening a Minor Savings account, the minor automatically becomes a member of our Smart Savers Club. As a Smart Saver, the minor will receive:

  • A Smart Savers Card to record deposits made into their savings account.
  • A punch on their Smart Savers Card for each deposit made into their account along with a small prize.
  • A large prize once ten deposits are made.
  • Fun Smart Savers activity sheets to help the minor become familiar with the general concepts of saving and banking.

Note: The minor must be present at the time of the deposit to receive a punch and a prize.