Young Savers Account

Features
Rates and Fees
Other Services

Available to individuals under the age of 18
Interest is compounded daily
Opening deposit of only $10
No minimum balance requirement
FDIC insured

There is no monthly maintenance fee.
Competitive rates

Note: When the minor reaches the applicable statutory age of majority, the Young Savers account will be transferred to a Regular Savings account and subject to the balance requirement and fees for Regular Savings.

Free Online Banking
Electronic Statements
Auto Save – set up auto transfers to a Young Savers account from your Sandy Spring Bank checking account

To open a Sandy Spring Bank Young Savers account:

Call 800.399.5919
Or, visit a Community Office

Disclosure

*By law, certain types of withdrawals are limited. Withdrawals over the limits are excess activity. You may make up to a combined total of 6 withdrawals per monthly statement cycle (or calendar month if you receive a quarterly statement) by either check, draft, debit card purchase or similar order (if available on the account,) telephone, automatic or pre-authorized transfer to another of your accounts with us or to a third party. Such transfers include those made by Telephone Banking, Online Banking, Mobile Banking and transfers from your savings account to cover overdrafts. A $25 excess activity fee will be assessed each time you exceed any of these limits.

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Young Savers Account

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