Teach your kids the importance of saving. The fun way.
A passbook savings account just for kids. Our Fun Club offers gifts, prizes and other enjoyable ways for young people to learn the benefits of saving money. When it comes to teaching lessons that last a lifetime, we're right there with you.
- Children 12 and under are eligible (account automatically transitions to a regular passbook savings or statement account at age 13)
- Open a savings account with as little as $1
- Earn interest on balances over $10
- No fees or minimum balance requirements
- Receive a $5 gift on every birthday*
- Get a prize with each deposit
- Each time you make a Fun Club deposit, you will be entered for a chance to win a $25 Visa® Gift Card.+
SAVINGS ACCOUNTS FAQ
You must visit a branch to open the account. Save time by booking an appointment.
Although your child can't legally open an account on their own yet, you can open a joint account so that both you and your child have access. This way, you'll both be able to monitor the account and show your child how to grow their savings to reach a goal.
- For you—name, date of birth, mailing address, email address, phone number, employment information, annual income, Social Security number, citizenship information.
- For your child—name, date of birth, birth certificate, mailing address, Social Security number.
"I not only opened an account for me, I also opened an account for my son. It's very easy to transfer money with scheduling features."
Subject to approval. Fun Club is open to children age 12 and under. Once a child turns 13 years of age, the account will automatically be transitioned into a regular passbook savings or statement account. No purchase necessary. Automatic entry for Fun Club members every time a deposit is made into the Fun Club account. One entry can be made per month by mailing a postcard with child name and parent/guardian’s phone number to Middlesex Savings Bank, Fun Club, P.O. Box 5210, Westborough, MA 01581-5210. Entrants must be age 12 and under at time of entry. Submission constitutes permission from the entrant’s parent/legal guardian to enter this sweepstakes and that parent/guardian’s acceptance of these terms. Five winners drawn by the 10th of every month, randomly selected from Fun Club deposits and postcard entries received during the previous month. Winners are subject to verification of eligibility if the entry is chosen to win a prize. Parents/guardians of winners will be notified by phone, mail or email, after which the winner may select the prize from those available at the time of selection. Prizes subject to substitution without notice, and subject to all applicable local, state and federal taxes. Prizes to be mailed to the address associated with the Fun Club account, or may be picked up at a Middlesex Savings Bank branch designated by the winner and/or parent/guardian of the winner. Void where prohibited. Submission is acceptance of a complete liability release of Middlesex Savings Bank. Visa is a registered trademark of Visa International Service Corporation.
Middlesex Savings Bank will pay a $10 incentive to a customer for opening a new Fun Club account. This incentive cannot be used to meet the minimum required amounts to open the account and will be deposited directly into the account. To be eligible, the individual must not have held a personal savings account at Middlesex Savings Bank within 90 days prior to opening the new account regardless of whether an account was previously held individually or joint with others. Mention this offer at time of account opening.
* One deposit per child per calendar year.
Alternatively, you may submit one entry per month by mailing a postcard with child’s name and parent/guardian’s phone number to: Middlesex Savings Bank, Fun Club, P.O. Box 5210, Westborough, MA 01581-5210.