DCB SimplyKids Savings
Improving financial literacy among the next generation.
The gift of financial knowledge will last children a lifetime. DCB SimplyKids Savings is designed to foster that understanding by providing minors with a safe and affordable banking environment. As part of the plan, Desert Community Bank representatives are available at each branch for one-on-one money management advice for minors.
SIMPLYKIDS SAVINGS OFFERS:
- A higher interest rate on the first $500 deposited into the account
- Free transfers between parental and minor checking accounts
- Free online statements that are easy to balance
- Free Visa® debit/ATM card for kids 13 years and older1
- 24-hour telephone banking at (760) 243-2140 that allows you to transfer funds, monitor balances, track recent transactions, and make stop payments
- No monthly minimum balance
- No monthly service fee
- Can be opened for kids and young adults up to 22 years of age
SERVICE FEE:
No monthly service fee
All savings accounts come with:
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INFORMATION TO NOTE:
Rate information — Your interest rate and annual percentage yield may change.
Frequency of rate changes — We may change the interest rate on your account at any time.
Determination of rate — At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency — Interest will be compounded every month. Interest will be credited to your account every month.
No minimum opening balance required to open in a branch. $1 minimum to open online.
Daily balance computation method — We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Accrual of interest on noncash deposits — Interest begins to accrue on the first business day after the business day you deposit noncash items (for example, checks).
Interest accrual upon account closure — Interest accrues up to the business day that you close your account and is credited when the account is closed.
We reserve the right to change account benefits at any time without notice. Certain restrictions may apply. Please see the Complete Disclosure Guide for additional details.
1This debit card is issued by Flagstar Bank pursuant to a license from Visa U.S.A Inc. Minor must be 13 years or older to be eligible to use.
2Not all devices may be supported. Customer eligibility required. Must be an active personal online banking user. Must be customer for a minimum of two business days. Accounts must be in good standing. Minor must be 13 years of age or older to be eligible to use.
3Currency conversion fee may apply to transactions outside the U.S.