Monday, September 6: All NWFCU branches & offices will be closed for Labor Day

Custodial Accounts

Our Custodial Accounts are membership accounts held for the benefit of a minor under the Uniform Gift to Minors Act and are considered a permanent irrevocable gift to a minor.

Custodial Accounts are opened in the name and Social Security number of a minor but controlled by a custodian, usually a parent or grandparent. The assets in a custodial account belong to the minor, and until the age of 18 or 21 (as deemed by the custodian of the account), the minor has no access to the funds and only the custodian may withdraw from the account.

Benefits & Highlights

Sweet Pea Custodial Account
We also offer a special custodial account for babies and toddlers featuring savings rewards and extra benefits. Click here for details.

 

Printer-friendly version of Custodial Account brochure.

Please note: The establishment of a Custodial Savings Account may have important legal and tax limitations, including income, gift and estate tax consequences. Consult your personal attorney or tax advisor for more details.

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