The Rafferty Club Savings Account is a youth savings account that helps children age 12 and under learn the importance of saving.
- Account holders receive a Centris Piggy Bank at account opening and every time they make a deposit they get to choose a gift from the treasure chest.
- Free entry to the Centris Fun Zone at Werner Park with a Centris debit card or annual “Fun Zone” passes given out at the branches.
- When the child turns 13, the account is converted to a regular savings account.
- A parent, legal guardian or grandparent must be on the account as a joint owner and the child must have their own social security number. Only those signers listed on the account have access to the funds. (I.E., if the account is titled in the child and grandparent’s name, the parents do not have access to the account.)
- Opening balance: $5.00 – If opened online.
- Minimum balance: $0.00
- Monthly service charge: None
Benefits
- Makes you money by earning dividends on account balances.
- Saves you money with no monthly fees and no inactivity fees.
- Offers you peace of mind knowing your children are learning the importance of saving.