Skip to main content
_FB_2018-Icons-finalized-cleaned-up_new_FB_2018-Icons-finalized-cleaned-up_newGroup 9
Back
Scroll to top

Get a Jump-Start with the Best Savings Account for Kids in Florence, SC


The percentage of children in Florence, SC, under the age of 18 (24.2%) ranks higher than the state average (22.0%) and even the national average (22.6%). Given this abundance of young children in the area, it’s important for financial resources to be in place to help out our next generation of leaders.

One of the best options available to parents wanting to start saving for their kids is a great savings account. The First Bank locations on West Evans Street and Loop Road have created one of the best savings accounts for kids in Florence, SC.

Savings Account Benefits

MyFirst Savings is First Bank’s savings account for children under the age of 18. The account requires just a $10 initial deposit and features no minimum balance and no monthly maintenance fees. The account holder will earn interest on any balance so their money will begin growing from day one.*

MyFirst Savings also includes online and mobile banking with no First Bank charges, automatic online bill payments, free monthly statements and account activity alerts and two withdrawals per month void of any First Bank fees.*

A savings account for kids will teach valuable money management skills while also providing a nice reserve for adulthood. Once the account holder turns 18, their savings can easily be transferred into one of First Bank’s basic savings or checking accounts and if they enroll in college they can utilize our student checking account.

Visit First Bank Today

Visit your nearest First Bank today and help your little ones plan for their future by opening the best savings account for kids in Florence, SC.


*Other account service fees may apply as described in the Account Services Fee Schedule available on our website at fees or at your local branch.Federal regulations limit withdrawals or preauthorized transfers to six (6) per month, including checks, drafts, online transfers, telephone transfers and debit card purchases. Savings Account customer can make two free withdrawals per month. There is a $2 fee for each additional withdrawal.

———

Sources:

Census: https://www.census.gov/quickfacts/fact/table/florencecitysouthcarolina,florencecityalabama,sc/PST045218

Census: https://www.census.gov/quickfacts/fact/table/US/PST045218

Investopedia: http://www.investopedia.com/terms/i/interest.asp?ad=dirN&qo=investopediaSiteSearch&qsrc=0&o=40186

Trending Topics
Small Business Loans – Albemarle, NC If you are thinking about opening a small business in Albemarle, North Carolina, First Bank can provide you with a small business loan to get you started. Albemarle offers lower… Best Small Business Bank – Florence, SC Florence, South Carolina boasts one of the best business climates in the southeast. The city of Florence is bustling with shops, restaurants, festivals, farmers markets, and much more. If you’re… Best Savings Account For Kids Finding the best savings account for kids doesn’t have to be complicated. Savings accounts can foster good saving and spending habits, and your child will probably enjoy watching his or… Best Business Checking Account – Lillington, NC If you are a business owner, you know how important proper finance management is to running a successful business. Separating your business bank account from your personal bank account can… Small Business Loans Made Easy – First Bank of North Carolina North Carolina is a smart choice for any entrepreneur looking to start a business. The state encourages its residents and visitors to shop local. Organizations like Shop Local Raleigh and… Installment Loans in South Carolina   If you're looking for personal loan options in South Carolina, visit your local First Bank today. We offer customized loans built to meet your specific, financial needs. From credit cards… Best Personal Loans in Albemarle, NC Are you in the market for an engagement ring and looking for a place to get the best personal loan? If so, you may need to take out a personal loan… Construction Loans NC The thought of building a new home can be daunting. All that planning. All that work. And all that money. At First Bank, we can’t design a floor plan or… Small Personal Loans – Jacksonville, NC Finding small personal loans in Jacksonville, NC, can be beneficial when you need a little extra money. Whether it's for a planned or unexpected expense, a personal loan can help you… Small Business Loans – Wilmington, NC Starting a business from the ground up can be difficult, but rewarding. Whether you are looking to build a new building for your business or move into an existing space,…