Interest is compounded and paid monthly. Unlimited in person or ATM withdrawals. Transfers are limited to 6 per month, of which 3 may be third party. First Step Savings Designed for young people from infancy to age 18. Competitive interest rate compounded quarterly.
Quarterly statements summarize transactions and interest earned.
No minimum balance to maintain. No cycle service charge. Regular savings requirements will apply after age 18. An IRA is a special savings plan that lets you put aside money you earn today to be used later for your retirement. And, every Traditional IRA gives you the advantage of tax-deferred compounding.