Teen Checking | High Five Savings | iPod Contest| Money Talks Newsletter
Teen Checking
Apply for an account online
This account offers the same features and benefits as adult checking accounts PLUS some extras just for teens.
- $1 minimum to open
- Open to teens aged 15 - 18
- Checking account responsibility course must be completed prior to account being opened Click Here for Course
- Parent or legal guardian must be account co-owner
- No overdraft privilege
- Free non interest-bearing checking with unlimited check writing
- Free checks
- Free ATM card
- Free online banking and bill payment
- Free ATM transactions at SUM ATMs
- Account converts to Free Checking Plus when owner reaches age 19
- Direct deposit/automatic withdrawal
- 24 hour access using our 800 number
- Cash for good grades*
*To receive cash for good grades, report cards showing a GPA of at least 3.0 or equivalent must be submitted between 1/15 - 2/28 or 6/15 - 7/31; 2 submissions per year. North Brookfield Savings Bank will determine the amount of the "Cash for Good Grades" incentive at the beginning of each semester.
For the first semester of the 2010-2011 school year, the incentive is $10. The incentive will be deposited into the student's account. This account is available to teens who meet the above requirements and successfully complete a personal finance course.
To open a Teen Checking Account:
1) Complete the online checking account responsibility course: Click Here for Course
2) Complete the online account application: Apply for an account online
That's it! We will contact you to make arrangements to complete the account opening process through the mail, in person at the branch of your choosing, or at our next school banking day!
High Five Savings FOR KIDS
Apply for an account online
Minimum Balance to Earn
Annual Percentage Yield (APY) |
Annual Percentage Yield
(APY)* |
Interest Rate |
| $500.01 - $1,000 |
2.63% - 5.00% |
.25% |
| $1 - $500 |
5.00% |
4.81% |
The above rate is variable. Rates are accurate as of
January 31, 2012.
- $1 Minimum to Open
- Open to children and young adults under 19 years of age
- Balances over $500 will earn statement savings rate.
- Account converts to statement savings account when owner reaches age 19.
- Limit one account per minor tax owner.
- No Monthly Service Charges
- Night Depository
- Bank By Mail
- Direct Deposit
- 24 Hour account information using our 800 number
- Internet access using BANKNBSB eBanker
- Transaction Limitations Apply
- Rate subject to change after account is opened. Fees may reduce the earnings on these accounts.
To open a High Five Savings Account:
1) Complete the online account application: Apply for an account online
That’s it! We will contact you to make arrangements to complete the account opening process through the mail, in person at the branch of your choosing, or at our next school banking day!
*Tier 1 - An interest rate equal to that paid on a regular statement savings account will be paid only for that portion of your daily balance that is $500.01 or more. The annual percentage yield (APY) range for this tier is shown above, and depends on the balance in the account, assuming a maximum of $1,000. Tier 2 - The above interest rate will be paid on the entire portion of your daily balance that is less than $500.01.
iPod Contest
Sorry!
Our iPod contest has ended. But check back often to be the first to find out about our next iPod contests!
| The Money Talks newsletter series contains tips, practical advice, thought-provoking ideas and age-appropriate activities to bring money lessons alive for young children, tweens, teens and young adults. This newsletter is designed for parents, grandparents and other caring adults to help them teach children and young adults about money.
The following issues of Money Talks are available. Please download and read these newsletters, and ask your banker if you have any questions.
English
Money Talks to Teens, Vol. 1, Vol. 2 and Vol. 3 – NEW!
Money Talks to Tweens, Vol. 1, Vol. 2 and Vol. 3
Money Talks to Young Children, Vol. 1 and Vol. 2
Money Talks to Young Adults, Vol. 1 and Vol. 2
Money Talks- Glossary of Banking Terms
Spanish
Money Talks a los adoloscentes, Vol. 1, Vol. 2 y Vol. 3 – NUEVO!
Money Talks a los niños 9-12, Vol. 1, Vol. 2 y Vol. 3
Money Talks a los jóvenes, Vol. 1 y Vol. 2
Money Talks to adultos jóvenes, Vol. 1 y Vol. 2
Money Talks - Glosario de terminos bancarios
© 2008 American Bankers Association Education Foundation. All rights reserved. Reprinted with permission. |
