FDIC-Insured - Backed by the full faith and credit of the U.S. Government
Your First Account at CFB
Build a Strong Foundation with Citizens First Bank. With the CF Bee account, your child savings fund can benefit from a 1.00% interest rate, 1.01% annual percentage yield (APY) on balances up to $1,000.00. By choosing CF Bee, you’re ensuring that your child’s financial future is built on a solid foundation, supported by your local financial experts.
“Smart saving habits start early”
The CF Bee Account is crafted for young savers, providing a unique and interactive approach to banking. Children and teens can grow their savings with the help of our droid bee mascots, making the experience enjoyable and educational as they learn the importance of financial responsibility.
Join us today, and let our community-based approach to banking guide your child toward a financially secure future. Together, we’ll make sure they’re well-prepared for whatever life brings their way.
An Adorable tiny cute alien bee with large round eyes wearing acid-etched silver and navy
BEE-GINING
ADVENTURES
0-5 Years Old
“Starting small,
dreams unfold”
Proud cartoony droid-bee, with an armor
BUZZING TO
SAVE
6-13 Years Old
“Money skills,
savings gold”
A teenage droid bee with large round goggles wearing acid-etched silver and navy armor
SMART BUCKS FOR
BUSY BEES
14-17 Years Old
“Young and bold,
checking goals”
An Adorable tiny cute alien bee with large round eyes wearing acid-etched silver and navy
Proud cartoony droid-bee, with an armor
A teenage droid bee with large round goggles wearing acid-etched silver and navy armor
Buzzing with Benefits
CF Bee Youth Accounts for Smart Savings
At Citizens First Bank, we believe that financial education begins early, and that’s why we’ve designed our youth savings account to help your children thrive financially. Our friendly bumble bee mascots guide you through the exciting world of banking, making learning about money a fun adventure. With CF Bee, your children can experience the joy of saving and responsible spending while reaping the benefits of local support. By choosing CF Bee, you’re not only investing in your child’s future, but you’re also investing in the future of your community. Join the hive and let us nurture your child’s financial growth with personalized, local care.
Nurture Financial Independence
The CF Bee Account is a dedicated savings account for young people, aimed at helping them develop smart saving habits from an early age. We understand that every child is unique, and so are their financial needs. Our youth account is tailored to provide valuable financial insights while nurturing independence. We offer resources and support to guide your children on their financial journey, helping them make informed decisions. Join us in helping your kids take their first steps toward financial success while staying connected to the local community.
CF Bee Account Rates
| Account Type | APY | Interest Rate | Tier | Minimum Balance to Open | Minimum Balance to Obtain APY |
|---|---|---|---|---|---|
| CF Bee Savings Account | 1.01% | 1.00% | $0.01 - $999.99 | $0.00 | $0.01 |
no | 0.10% | 0.10% | $1,000.00 and above | $0.00 | $0.01 |
Interest Rates and APY may change after the account is opened.
Effective Date: October 1, 2024
CF Bee: Guiding Your Child’s Financial Future
A Uniform Transfers to Minors Act (UTMA) savings account is a type of financial account established for the benefit of a minor, typically a child or a grandchild. UTMA accounts are designed to allow adults, often parents or guardians, to save and invest money on behalf of a minor while still maintaining control over the account until the minor reaches a certain age, which in the state of Iowa is 21.
With the CF Bee youth UTMA savings account, your child can benefit from a 1.00% interest rate, 1.01% APY on balances up to $1,000.00. By choosing CF Bee, you’re ensuring that your child’s financial future is built on a solid foundation, supported by your local financial experts.
CF Bee Account Perks
- Welcome to the Hive! A special packet of promotional items will be offered when the account is opened.
- All CF Bee Account holders can come to the Annual CF Bee financial literacy event, by invitation only.
- CF Bee will send the account holder a birthday card each year, it includes a coupon good for a cupcake or frosted cookie at Sweetheart Bakery, or a scoop of ice cream at Happy Joe’s
- Learn about interest – by earning it! Account balances up to $1000.00 earn 1.00% interest rate, 1.01% APY.
- Financial Education for families, provided by your trusted Citizens First Bank Personal Bankers.