Personal Savings

NOVA Account

We know that the well-being of your child is your top priority. Providing them with an account that teaches them how money grows is the first step to ensuring their financial security.

A NOVA Savings account means that while this interest-bearing account is in your child’s name, you are the authorized signer. Maintain complete control with e-services at no charge and six free withdrawals per month.

Summary
  • $25 minimum deposit to open
  • Help your child gain money knowledge and good saving habits
  • Save for college and other future expenses
  • Competitive interest on balances of $25 or more
  • No monthly service fee for minors and young adults under the age of 22
    • Monthly service charge of $10 for those 22 or older
    • Switch to Star Savings on or before turning 22 to avoid this fee
  • 6 withdrawals per quarter at no charge1
  • Services provided at no charge:

 

¹By federal law, Saving Accounts are limited to a total of six (6) withdrawals per month by automatic or preauthorized transfer, telephone, online, or mobile banking, or wire transfer. Repeated withdrawals exceeding the six (6) allowed per month may require us to close the account and re-open it into a checking account that offers unlimited transactions. Additionally, a fee of $3 will be assessed for each withdrawal exceeding six (6) per quarter.