AND HAVE FUN
Cool Blue Savings and Education is Important
Teach your children good saving and spending habits with the Cool Blue Savings Account from Arvest. Cool Blue is a great savings account for those under the age of 18, and comes with valuable educational tools to aid in teaching financial literacy.
Engaging your children with important financial terms and concepts can benefit them by:
- Helping them understand the value of money
- Get experience making knowledgeable purchases
- Develop good spending and saving habits
- Learn how and why to stay out of serious debt
Account Disclosure Information:
For customers up to age 18. $50 minimum deposit to open. No monthly maintenance fee. Unlimited deposits; up to six withdrawals per statement cycle. A $5.00 fee will be charged for each withdrawal in excess of six per statement cycle; fees may reduce earnings. Minor must be listed as the first owner on the account to qualify for Cool Blue. When a minor reaches the age of 18, they will receive a letter with instructions regarding their account conversion from Cool Blue to Personal Savings. Cool Blue customers receive quarterly statements; interest is paid quarterly. Complete deposit account disclosures containing terms and fee information are available on request.