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UTMA Custodial Savings

UTMA Custodial Savings

This FREE savings account was established under the Uniform Transfers to Minors Act for the benefit of a minor child.  Funds in the Custodial account are irrevocable gifts and may only be used for the benefit of the minor and are managed by a parent or designated custodian.  The account terminates once a child reaches the statutory age of 21 and he or she can use the funds as they wish.  For more information regarding our UTMA account please contact one of our Personal Bankers today.

Features:

  • Competitive Interest Rate1
  • No Minimums Required
  • Quarterly Account Statements or eStatements
  • FREE Online Banking
  • FREE Mobile Banking
Minimum Opening Balance
N/A
Quarterly Maintenance Fee
$0
Withdrawal Privileges
Unlimited

1 Interest is compounded and credited to the account on the calendar quarter. See current rate sheet for interest rates and APY.  

Personal

Fraud Alert

We’ve been made aware that customers are receiving fraudulent text messages and phone calls
claiming to be from Commercial Bank referencing fake transactions or suspicious account
activity. Texts are coming from phone number 208-909-8008. The phone calls appear to come
from our main line, 314-434-4141. Don’t trust caller ID. Caller ID can be modified to show any
name and number.

Please be advised:

  • These messages are not from Commercial Bank.
  • Do not click on any links or provide personal or financial information in response.
  • Do not provide your online banking username, password, debit card number,
    account number, or any personal information.

If you received one of these texts, we recommend deleting it immediately. If you receive a phone
call, hang up immediately. Please be vigilant and review all your banking accounts for any
suspicious activity. If you suspect any unauthorized transactions, contact us immediately.

Stay vigilant,

Commercial Bank Security Team

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