With no monthly service charges and money back on ATM fees, Atlas High-Rate Checking really pays.
Get a rate discount with our Car Buying Service, then save on repairs with our Vehicle Service Program.
Earn up to 2.70% APY without market risks!57
We offer award-winning online kids savings and teen checking accounts (plus, great products for parents too!)
Atlas returns profits to our members through higher savings rates, lower loan rates, and fewer fees. And we make it easy to bank with 24/7 account access.
Jumpstart your child’s savings by opening a Uniform Transfer to Minors Act (UTMA) account, also known as a custodial account, in his or her name. You’ll maintain full control of the account until he or she becomes an adult.
That's 16.7x the national bank average!71
Learn more about savings
A custodial account is officially in the name of the minor. However, as the custodian, you will have complete control of the account. Once the minor reaches 18-21 years old (depending on state law), he or she will have the right to any remaining funds in the account after they have been released by the custodian6.
Before the minor becomes an adult, the custodian may spend funds in the account for educational purposes or any purpose that benefits the minor.
Note: The custodian is also required to be a member of Atlas Credit Union.
You can include any of these savings products with a custodial accounts:
Earn substantial interest and get access to banking features with your custodial account
Supplemental accounts let you easily specify the savings for a particular purpose or event
Get flexible banking features for your custodial account.
Earn a higher return on your custodial account with a certificate
An Atlas Kids Savings account is a joint savings account where the minor can have access to the account under the guidance of an adult. Uses of funds within a Kids Savings account are less restrictive than a custodial account so, your child or grandchild can learn how to save up for that toy or experience they’ve been wanting.
View our full fee schedule.41
Uniform Transfer to Minors Act (UTMA) accounts are taxable accounts that allow you to gift or transfer assets to a minor. Once the account is opened, transfers are irrevocable and become the assets of the minor.
Any person eligible to become an Atlas member can open a custodial savings account for a minor. The account is maintained in the name of the minor. The custodian must be an Atlas member.
Earnings are reported under the minor child’s Social Security number. Consult with your tax advisor for more information on tax implications.
There are no contribution limits.
While the child is a minor, funds in a UTMA custodial savings account may be used for educational purposes, or for any purpose that benefits the minor. Once a minor reaches 18-21 years old (depending on state law), the custodian is required to distribute the funds.
The minimum balance to keep your savings account open is $5. To earn interest, you must maintain a daily average minimum balance of $100. Atlas interest is paid monthly.
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