Bofa rewards money market savings
The parent/guardian of the account can enroll in automatic transfers to easily deposit money into this account from their checking account.
But, it is one of a long list of options that may be available to you.
Ultimately, an online savings account such as Capital One 360 or Synchronys High Yield account are more effective options.
Guys working there are really racists and sketchy.Automatic transfers, set up automatic transfers to help build your savings.Bank of America Minor Savings Account Fees Type Fee Monthly Maintenance Fee 0 Withdrawal Limit Fee 1 Minimum Opening Deposit 25 Overdraft Item Fee 35 NSF: Returned Item Fee 35 Overdraft Protection Transfer Fee 12 Non-Bank of America ATMs.50 Statement Copies 5 Deposited Item.Bank of America Website, you're looking for a new savings account and, bank of America is the destination that you're considering.Once you use those six, the bank charges 10 per withdrawal or transaction for the rest of the cycle.The funds that are deposited into this account will be accessible to your child once it reaches maturity - when your child reaches the age of 18 or 21 - depending on state law.Although these expenses can be for educational purposes, they are not limited to just that - the only rule is that the expenses must be used for the good of your child.Overall, a group of very sketchy, racist, unprofessional people working at the bank.Bank of America will round up your purchase to the nearest dollar amount and transfer the change from your checking account to your savings account (or to a child's savings account, if you choose).They always came up with hundreds of reasons for not being able to cancel my account (like charges suddenly appeared at the same exact time in the middle of the month when I wanted to cancel my account).
There's no surprise here.
Here are some of the key things to highlight from BofA's Custodial Savings Account: There is an 8 monthly maintenance fee that can be waived if you maintain a minimum daily balance of 500.
Balances are insured up to applicable limits.
You might also consider enrolling with an online savings accounts writing contests bc instead: A Rather High Monthly Fee, bank of America Savings Account Fees.
The minor has access to the funds before they turn.
This savings account does have a 8 monthly maintenance fee, which can be waived if you meet any of the following requirements: Maintain a minimum daily balance of at least 500 Link it to your Bank of America Interest Checking account Be a Bank of America.Flag, product: Savings CDs, comment, follow.You can make automatic transfers to your child's saving account from your own BofA checking account to help build their finances.This account is eligible to earn interest, based on the same tier-interest model as the Rewards Saving account.Here are some of the perks of the Minor Savings Account: No monthly maintenance fee if the account owner is 18 years old or under.Mobile Banking, get convenient account access, now with fingerprint sign-in and Touch.Otherwise, it doesn't really help you grow your savings.
However, if you can maintain a 20,000 or greater minimum daily balance in your savings account, or if you are enrolled in the Preferred Members program, BofA will allow you to make more withdrawals from your savings account at no additional cost to you.
Special Feature: Keep the Change Savings Program And, now for the best part of this account.
Overdraft protection, link your savings account to your checking account for Overdraft protection.