Open Savings Account For Child Santander

1 no monthly fee for santander savings with any personal santander checking account or with 100 average daily balance in the santander savings account otherwise 1 00.

Open savings account for child santander.

Consider santander youth savings tailored for the needs of children with a legal guardian as a co owner. Opening a savings account for your child isn t much different from getting a new account yourself. A minimum deposit of 25 is required to open a santander savings account. Santander youth savings a first bank account for kids good habits begin early in life like saving your pennies.

Opening a kids savings account can be a great tool to teach your child healthy financial habits but there are a few things to consider before running to the bank. 0 03 annual percentage yield apy is available when you open a santander savings account. 1 you can withdraw funds from a savings or santander money market savings account no more than 6 times by computer telephone preauthorized transfer check or debit card purchase each service fee period. For children under 13 years of age the account must be opened in trust by an adult trustee.

Your social security number. If you re under 18 years old you can open a savings account for kids with a minimum deposit of just 10. Other atm fees may apply. 3 domestic atms are atms in the 50 united states the district of columbia and puerto rico.

Learn more about this great first bank account for kids. All other fees apply. Rates shown are in effect as of today. To open an account you will need.

You ll need the same information if you re opening an account at an online only or a brick. Fees may reduce earnings. This is a variable rate account and the rate may change at any time. A child can t have a child trust fund and a junior isa of any type at the same time so if you re opening a cash junior isa with santander and have a child trust fund elsewhere you must request to transfer it to santander.

Funds for an opening deposit can be paid with a credit or debit card a valid email address. Trustees must be aged 18 or over have parental responsibility for the child and have a santander personal current account. Fees apply if you exceed these limits and if you repeatedly exceed these limits we will close your account.