While you teach your child the value of a dollar, have a safe haven to keep the money you wish to give them as they take their first steps into the wild west.
A Uniform Transfer to Minors Account is owned by the minor, but they don't have access to the funds until they reach the age of 21.* This allows a custodian (a parent, grandparent, guardian, or family member) to manage and contribute to the account until the minor can utilize the funds.
For full disclosure from the Idaho Legislature on this type of account, please click here.
Rates as of June 1, 2020
Uniform Transfer to Minor Account Features
Minimum Balance |
$25.00 |
Direct Deposit Services |
Yes |
Automatic Transfer of Funds to Loans |
N/A |
Dividend Period |
Monthly |
Free access to accounts via myPioneer |
N/A |
Free 24-Hour Telephone Teller Access |
N/A |
Minimum Balance to Earn Dividends |
$25.00 |
Annual Percentage Yield |
0.05%** |
Ready to open a Uniform Transfer to Minors Account? Stop by your local branch, apply online, or use the myPioneer Personal Assistant app.
Open One Now!