Early Start Savings Account (UTMA¹⁾

A safe and simple way to start saving now for your children and grandchildren.

• As custodian, you control the account until the minor reaches the age of 18 or 21, depending on state law.
• Funds can be used for educational expenses or other expenses that benefit the child.
• Part of the earnings may be free of federal taxes²
• Free auto-transfer from custodian’s Abacus personal account.
• Easy account setup

Start Saving Today!

For more information, please Click Here, or visit our local branches. 

^{1 UTMA/UGMA” means Uniform Transfers to Minor Act/Uniform Gift to Minors Act.  This account will be subject to the Uniform Transfer/Gifts to Minors Act of the state where the account is opened. All funds deposited in the account irrevocably become the property of the child, and are to be managed for the child’s benefit by the custodian until the child reaches the age of 18 or 21, depending on state law, at which time the custodian is responsible for distributing the funds to the child.}

^{2 please consult with a legal or a tax professional for tax considerations on this account type.}