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Savings Account for Children, Kids & Minors

Start children on the right path to learn how to manage their money with a savings account for children, kids and minors from Regions.

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  Regions Savings for Minors
Balance Required to Open
  • $5

Account Benefits

  • Special account for Regions customers' children or grandchildren, age 18 and younger
  • Can be linked to a Regions checking account for an automated savings plan – funds can be transferred monthly, on paydays, or whenever you choose1
  • Watch your savings grow with Regions Online Banking

Interest Earned

  • Compounded daily, paid monthly on collected balance
Interest Tiers
  • Pays interest on all balances

Monthly Fee

  • None

Minimum Daily Balance Required (to waive monthly fee)

  • None
Excessive Withdrawal/Item Fee
  • $3 per withdrawal in excess of 3 per month

Statements

  • Quarterly
  • Free Online Statements available with Regions Online Banking

Bank where, when, and how you like

  • Access your account 24 hours a day, 7 days a week through Regions® Online Banking or 1-800-REGIONS
  • Visit any one of our 2,000+ branches in 16 states

Other Account Features

  • 30% discount on safe deposit box rental with an additional 10% discount for auto debit (subject to availability)

How to Apply

1. This is a limited transaction account. Regulatory limit of six (6) transfers or payments (preauthorized, automatic, by telephone, or from a personal computer) from your savings account per statement cycle with no more than three (3) being by draft, check, debit card, or similar order (including POS transactions) to a third party. The preauthorized or automatic transactions may be initiated by Telephone Banking, Regions Online Banking, or standing order. See pricing schedule for full details.

 

 

Call 1-800-REGIONS