Triple Crown Savers
When you open your child’s savings account, they will receive a cute plush horse, crayons, and a coloring book! This unique savings account is a great way for your children to learn the importance of saving. Kindergarten through 5th graders can earn up to $9 per report card for good grades. We pay $2 per A and $1 per B*. The account is held in your child’s social security number and earns the same rate as a Kentucky Bank savings account. Open the account with $50 and begin to teach your children the importance of saving.
- $50 minimum deposit to open account
- To open account, please present 2 forms of ID for your child (birth certificate & social security card are best)
- Interest is compounded daily and credited monthly
- Bring in your report card and receive money for As & Bs!*
- Quarterly statement
Transaction Limitations: No more than six preauthorized withdrawals, automatic or telephone transfers, checks, drafts or debit card or similar transactions per monthly statement cycle.
Monthly Excess Withdrawal Fee: Excess withdrawals/transfers over eight per monthly statement cycle will be performed at a charge of $10 each.
*K-5th graders will earn $2 for every A and $1 for every B they receive (up to $9 per report card.) No minimum balance to obtain the bonus. Report card must be presented to bank within 2 months after receipt, and bonus will be provided at that time. Annual limit of four report cards per student. This reward is not given in exchange for opening, maintaining or renewing an account, or increasing an account balance.
Annual Percentage Yield (APY) 0.04%. APY effective as of 11/1/16. Fees could reduce earnings on the account.