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The Junior Savers Account is a Passbook Savings Account designed to teach children and young adults ages 18 years and younger the rewards of saving. The benefits of a Junior Savers Club Account are:
Junior Savers Club Account is an interest bearing account which uses the daily balance method to calculate interest. Interest will be compounded quarterly and credited to your account quarterly.
Transaction limitations; You may not make any transfers from this account to another account of yours or to third parties by preauthorized, automatic, or telephone transfer or similar order to third parties