As tuition prices rise, saving for a student’s future education is becoming more important than ever. Let your money work for you now plus provide security for the future by saving now for education after high school! Receive quarterly statements Earn a variable interest rate (rate may be changed at bank’s discretion)Account styled under the OK Uniform Transfers to Minor Act (UTMA)For other account options to save for education, please see the Coverdell Education Savings Account information on our Personal Trust & Investments page. *According to Federal Regulations concerning savings and MMDA accounts, there can be no more than six (6) preauthorized transfers and withdrawals to a third party or to another account of yours at the bank per month. Note on interest-bearing accounts: Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest rates my change anytime at the bank’s discretion. For current interest rate information contact First Bank & Trust Co.
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