Open Savings Account For Child Santander

0 03 annual percentage yield apy is available when you open a santander savings account.

Open savings account for child santander.

Other atm fees may apply. Santander youth savings a first bank account for kids good habits begin early in life like saving your pennies. Learn more about this great first bank account for kids. Opening a savings account for your child isn t much different from getting a new account yourself.

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. For children under 13 years of age the account must be opened in trust by an adult trustee. Consider santander youth savings tailored for the needs of children with a legal guardian as a co owner. Fees may reduce earnings.

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. 3 domestic atms are atms in the 50 united states the district of columbia and puerto rico. All other fees apply. Trustees must be aged 18 or over have parental responsibility for the child and have a santander personal current account.

Interested in opening an account for a child under the age of 18. After opening the account the trustee must manage the account on behalf of the child. If you re under 18 years old you can open a savings account for kids with a minimum deposit of just 10. This is a variable rate account and the rate may change at any time.

To open an account you will need. 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. A minimum deposit of 25 is required to open a santander savings account. Rates shown are in effect as of today.

Your social security number. Funds for an opening deposit can be paid with a credit or debit card a valid email address. 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.