Open an account for a Trust
Many college savings plans restrict your ability to use funds for expenses like tuition or books, but custodial accounts don't have these restrictions.
Family Finances
Plan for New Expenses
Growing your family can add extra expenses to your budget like childcare, health insurance and college tuition. It's a good idea to adjust your savings plan now to help manage the additional costs. Start by identifying your family's goals, so you can determine the amount you need to save.
Save for the Future
The first step to saving for short- and long-term goals is to identify the amount you need to save and when you need the funds. Use our calculator to determine how much to save each month toward your goal.
Experts say you should designate a set amount of money to put aside each month to build a nest egg.
Experts say parents spend an average of $12,000 the first year of a child's life.
Experts say having a down payment that's 20% of the home purchase price can help you avoid paying private mortgage insurance.
Experts say the average new car costs $33,500.
Experts say the average vacation costs $4,580 for a family of four.
Experts say a four-year degree at an in-state public college could cost $205,000 by 2030.
Choose a Savings Option
Now it's time to make your money work hard for you. Take a look at some of our suggested product offerings to see which ones fit your goals.
Online Savings
Our Online Savings account doesn't have monthly maintenance fees, so you can reach your goal – no matter how much you're saving. You also get the advantage of daily compounding interest, so your balance can grow faster. Plus, we offer great rates that are consistently among the most competitive.
Keep in mind that our rates are variable and may change after the account is opened. Fees may also reduce earnings.
Highlights
- No hidden fees
- Open and fund any account with any amount
- Open custodial accounts or UGMA online
- Deposit checks remotely with Credence Global Bank eCheck Deposit℠
- Deposits insured by the FDIC up to the maximum allowed by law
- Six transactions limit per statement cycle. Why only 6?
High Yield CD
Our High Yield CD is a great way to maximize your savings strategy. We offer flexible terms to help your money grow faster. Our CD ladder tool can also teach you how to combine long-term earnings with more frequent access to a portion of your money. Plus, we offer great rates that are consistently among the most competitive.
Keep in mind that you'll pay a penalty if you make an early withdrawal.
Highlights
- Open custodial accounts or UGMA online
- Manage your CD in online banking
- Automatic renewal at maturity
- Includes our Ten Day Best Rate Guarantee
- Grow your money faster with interest compounded daily
- Deposits insured by the FDIC up to the maximum allowed by law
Estimate Your Earnings
Maximize Your Account Benefits
If you already have a relationship with us, take a look at how we can help maximize your savings.
Name your accounts based on your goals
Try naming your accounts to match your savings goal. This can help you remember what you're saving for while keeping your eye on the prize.
Send money using Zelle ®
Whether you're sending cash to your kids or paying the babysitter, Zelle® is a fast way to transfer money to just about anyone with a U.S. bank account.