Chartway Savings: Fiduciary Accounts
Chartway offers you valuable assistance in setting up many types of savings plans and accounts for trusts that help provide for family or others in your care. Some plans we offer include Uniform Transfers To Minors Accounts, Accounts for Revocable Living Trusts and Payable On Death Accounts*.
Product Features
- Our Uniform Transfer to Minors Account restricts access to your childs savings until the minor reaches the age of majority - a good way to save for college.
- We can establish accounts or redesignate existing accounts for members who have established a Revocable Living Trust.
- Payable on Death Accounts* are set up so that the account owner may designate who receives funds in the account at the time of the account holder's death.
- Also, accounts may be established to receive funds when a child or adult is the beneficiary of Social Security or Veterans benefits. Call or visit us to find out more ways we can provide extended service to you or your family.
Requirements
- Must qualify for Chartway membership
- Must be 18 years or older
- Prime Share account with $5.00 minimum balance
*Totten Trust in Rhode Island