Teaching your children about saving money is something you can’t begin too early. If you would like to help the young person in your life get started, Provident Bank offers a special Young Investors savings account just for this purpose. In fact, this high interest savings account provides an interest rate of 2.00% APY.
Only minors are eligible to earn the highest savings account rate. A $5 deposit is all you need to open an account and the account holder will receive a savings passbook to track their progress. Minors 16 and older can have ATM access with parent or guardian permission.
Provident Bank was chartered in 1956 as the Provident Federal Savings and Loan Association and has since grown to become the largest independent community bank in Riverside, California. The number one priority is the customer and this bank believes “communities are better served when decisions about financial products and services are made locally by people who know the markets.” Even though Provident Bank is a local bank, it conveniently offers many branch locations throughout California: Branches are located in Blythe, Corona, Hemet, Moreno Valley, Rancho Mirage, Redlands, Riverside, Sun City and Temecula.
Other Terms and Conditions may apply. Additionally, rates may have changed since this offer was posted. Please contact the financial institution for the most recent rate updates and to review the terms of the offer.