Best Savings Account for Kids in Wilmington, NC

By simply opening one of the best savings account for kids in Wilmington, NC, you can set your child up for future financial security through First Bank.

First Bank has five locations in Wilmington, and each offers a MyFirst Savings Account. MyFirst Savings is First Bank’s way of helping you establish your child’s future financial security, and it is certainly one of the best savings accounts for kids.

What Our Savings Account Offers

There are many savings accounts for kids out there, but they don’t all offer the various features that First Bank does. Here is what we can offer you:

  • Two free withdrawals per month*
  • Interest-earning on any balance so your child won’t be the only one growing
  • Free online banking and our LocalFirstBank mobile app to bank from anywhere*
  • Free monthly statements by mail or email to keep track of your child’s funds
  • Free online bill payments for your child to handle any financial responsibilities of his or her own
  • Free account activity alerts by phone call, text message, or email
  • No monthly maintenance fees and no minimum balance**

Once your child turns 18, the money from his or her MyFirst Savings account can be easily transferred to one of our basic or college student checking accounts for continued financial security.

Visit Your Local First Bank Today

One of the best savings account for kids is open to anyone under the age of 18 who can make just a $10 minimum initial deposit. Visit one of First Bank’s Wilmington, NC, locations to open a MyFirst Savings account today.


*While First Bank does not charge for mobile banking, your mobile carrier’s message and data rates may apply. Withdrawal fee of $2 each after the first two during the month. Federal regulations limit withdrawals of preauthorized transfers to two (2) per month, including checks, drafts, online transfers, telephone transfers and debit card purchases. You may conduct an unlimited number of withdrawals at the ATM, in person at a branch, or by mail when the check is mailed to you.

**Account holders may avoid the Monthly Maintenance Fee by meeting any of the requirements listed in the Keep it Fee FreeTM section of the account summary table for their account type. 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.

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Sources:

The Mint: http://www.themint.org/parents/model-money-smart-habits.html