It’s never too early to start saving. Which is why Proponent offers so many ways for kids (and their families!) to grow savings and put away money for college and other future plans.
To help make saving more fun for our littlest members, we have a no-fee coin counting machine onsite at our flagship branch in Nutley, NJ. We've even created a special mascot just for kids: Penny the Proponent Saving Pup.
One of the most important ways you can help the kids in your family is by opening Custodian Accounts in their names. A Custodian Account works just like a regular Proponent Share Savings Account, but it’s designed for people under 18.
The adult custodian makes all transactions on behalf of the minor, who assumes control of the account when they come of age. To open an a Custodial Account, please call 800 457 8058 opt. 3.