Minor Savings


Minor Savings Account


Our Minor Savings Account1is a great way to teach a child the importance of saving and managing money at an early age.

Help this account grow with automatic transfers from a parent’s account.


Balance Requirements

No minimum deposit to open

No minimum balance required to earn interest2

No monthly maintenance fee


Key Account Features

Funds in the account will belong to the child 1

Unlimited deposits

Up to 2 free debit transactions per month3,4

Automatic transfers may be set up from parents’ SB&T accounts

Quarterly statements

Deposits insured by the FDIC to $250,000 5


More Features

OnLine Banking with Bill Pay and paperless statements

Account access through Mobile Banking6and Touchtone banking


Important account information for Minor Savings All accounts are subject to approval. 1 Minor Savings is available to children under the age of 18 (In Alabama, age 19 unless married). It is a joint account with a parent or guardian. The account converts to Signature Personal Savings at the minor’s 18th birthday (In Alabama, age 19 unless married). 2 A single rate applies to the entire balance. Interest compounded daily, credited monthly and paid on the collected balance. 3 Account Transaction Limitations for Savings and Money Market Accounts — Savings and Money Market Accounts may have no more than six (6) debit transactions per month or monthly statement cycle. A debit transaction is a check, debit/check card transaction, transfer, or pre-authorized transfer, including those made by phone or modem. Unlimited transactions are permitted if made by the customer in person, by mail, through an ATM or by phone if the check is mailed to the customer. If an account continually exceeds the allowed debit transactions, we may convert it to a checking account. 4 The service-chargeable debit fee of $3 is assessed per occurrence for Minor Savings Accounts after two debit transactions are paid during the month. 5 The standard insurance amount is $250,000 per depositor. Visit www.fdic.gov for more information. 6 Requires mobile service provider’s data plan, for which charges may apply. See our website for complete details.