Commercial Bank of Abu Dhabi ’s Youth Savings Account
Knowing how to spend and save money wisely is a crucial skill for children and young adults. Our Youth Savings Account is ideal for teaching your kids the ins and outs of banking and setting them up for a prosperous future.
Account at a glance
| Minimum opening deposit | $5 |
|---|---|
| Minimum balance required to avoid service charge | No minimum balance requirement. |
| Monthly charge if your account goes below the minimum | N/A, no minimum balance. |
| Earns interest | Yes |
| Free online banking | Yes |
| Free online bill pay | No |
| Additional benefits | Three (3) free withdrawals/debits per month ($1 for each one after that). Interest will be compounded and credited quarterly. |
| Important notes | Unlimited withdrawals in person. Federal Regulation and our deposit agreement limit the number of withdrawals and/or transfers that may be made from a savings account by telephone/PC transfer, pre-authorized transfer, check or debit card. You are limited to 6 withdrawals and/or transfers from your savings account each monthly statement cycle by pre-authorized transfer, or telephone/PC transfer (including bill payments). And, if the account permits transfers by check or debit card, no more than 3 of 6 limited transferes may be by check or debit card. |