Youth Products - Merchants State Bank

At Merchants State Bank, we understand the importance of teaching children to save money at an early age. Are you a parent interested in getting your kids started on managing their money or saving for college? Or are you a full-time student looking to save money by lowering your banking fees? If so, our banking products may be right for you.

Merchants State Bank offers the following convenient, no-fee youth products to fit your needs:

The CESA is a useful vehicle for saving for "qualified education" expenses. CESAs are designed to encourage early and consistent savings by offering a convenient way for families to save for college. Merchants State Bank offers a no-fee CESA.

Benefits of the CESA include:

All money grows federal and state income-tax free
All withdrawals for qualified higher education expenses are exempt from federal income tax
The beneficiary can be changed at any time to another member of the beneficiary's family
Make regular contributions through automatic transfers from any Merchants State Bank Checking or Savings account
$2,000 maximum annual contribution limit

Merchants State Bank would like to help you plan for college.