Optimum Student Savings Account

Optimum Student Savings¹ Features

$10 minimum balance to open and earn Annual Percentage Yield (APY)²
Receive a monthly statement
Interest paid at the end of each month
Link to an Optimum Student Checking account and receive $10³. Optimum Student Checking and Savings accounts are a banking package that helps you earn more and grow your money!
Can be linked to your Visa® Debit Card (requires a checking account) with Free ATM Access to all nationwide SUM network ATMs
Access your money at any time⁴

¹ Primary account holder must be 22 years of age or younger but not younger than the age of 13. Upon the primary account holder reaching the age of 23, the account will convert to a statement only Optimum Savings Account with all terms and conditions in effect at the time.

²$10 minimum balance is required to open account and earn interest. Fees may reduce earnings. Variable rate may change after account is opened. Certain restrictions may apply.

³Limit of $10.00 credit per account. The $10.00 credit to the account will be processed to Optimum Student Savings account in good standing after 30 days of account opening and will be reported on 1099-INT.

⁴ Transaction Limitations: You will be permitted to make no more than 6 combined pre-authorized, automatic, check or telephone transfers per statement cycle from your Savings account to another account or third party. If you exceed these restrictions, we may assess an excess fee.

Effective as of 5/19/2025

1.00%: Interest Rate

1.00%: Annual Percentage Yield (APY)

$10.00: Minimum Balance to Open & Earn APY

APY = Annual Percentage Yield

Fees may reduce earnings. Variable rate may change after account is opened. Certain restrictions may apply.

For a full explanation of our fees, please refer to our Fee Schedule.

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Stoneham Financial Services

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