Texas Uniform Transfer to Minors Act – TUTMA

A TUTMA account is a savings account set up for a minor by someone older than 21 who serves as the account custodian. The custodian retains full control of the account until the minor turns

Parents and Grandparents, this is a great way for you to help your child save while you remain the authorized signer. Once they turn 21, the account becomes their responsibility. A TUTMA account allows your child to become financially aware of how savings can grow while you monitor their progress.

TUTMA accounts earn interest at our current savings rates. The minor’s social security number is required.