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Custodial Accounts

At Capital Credit Union we know you want to plan ahead for the young people in your life, so we offer a variety of custodial account options for you to choose the best one for you. 
It's never too early to open an account...and become a member of Capital Credit Union! 

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Membership and Regular Savings Account

The name says it all... this is the account that provides you with membership to the credit union. 

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Share Certificate

Certificate account options where we pay you to park your money. You choose how long you want to park it.

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Member's Choice Certificate

No wards of cash needed. Earn higher dividends and build savings gradually with monthly deposits.

Savings isn't just for adults

Custodial Accounts

If the piggy bank is filling up, it's a great time to open a custodial account!
Not sure if an UTMA or 529 the best custodial account for your child? Custodial accounts are savings accounts or certificates opened by an adult* for the sole benefit of a minor. These accounts may also be referred to as UTMA Uniform Transfer to Minors Accounts. 

Custodial accounts allow an adult* to set aside funds for the needs of a minor without giving the minor access to the account** until age 21. 
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*A custodian does not need to be a parent of the minor; this person can be any relation to the minor or a family friend. Under Wisconsin law, only one person can serve as a custodian at a time though a successor custodian can be named. 
**The account is considered an individual account under the minor's social security number, and the funds are considered a gift to the minor. The minor is allowed to deposit into the account and receive account information. Once the minor turns 21 years old, the custodian is responsible for turning funds over. Because the minor is considered the account owner, the minor must qualify for membership to open a custodial account. The custodian must also meet general application requirements.