Definition:
A Passbook Savings
Account designed for savers under age 18. Requires no minimum balance
and charges no fees.
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Benefits: |
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- Enables young
people to start early
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- No minimum balance
requirement
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Who Is Eligible:
- Individuals under
the age 18
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Opening Requirements:
- Minimum $25.00
- Acceptable
student ID
- Social Security
Number
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