Accounts for kids and teens are offered from Union Bank. The Kidz savings account is for children ages 8-12. From ages 13-17, teen savings and checking accounts are available. These youth accounts must be jointly owned with an adult. Youth accounts do not have a monthly fee. The opening deposit amount for the savings accounts is $1. The checking account requires $100. Each deposit of at least $5 into the Kidz savings account earns a stamp. After ten stamps the child earns a gift card.

Union Bank savings, checking, and CDs have a low opening deposit. All checking accounts, except the Priority account, only need $100 to open. The basic savings account requires $50. The youth savings accounts only require $1. Union Bank CDs require $350 to open the CD. Only the seven days to one-month CDs require a higher balance.

Union Bank offers a variety of small and commercial business accounts. Checking, savings, and money market accounts are available for small and commercial business. Loans, CDs, and credit cards are available as well. Union Bank offers payable and receivable services for large businesses.

Both Union Bank money market accounts offered tiered interest rates. This means the more money you have invested in the account, the higher the interest you will earn. The regular MMA requires $2,500 to open; the High Rate MMA requires $10,000.

Union Bank accounts do not offer competitive interest rates. Their rates are similar to your brick and mortar bank rates. They are not competitive with other online-only bank accounts.

Most all Union Bank accounts have a monthly maintenance fee. The fees range from $4 to $30 a month depending on the account. Signing up for online statements will lower the monthly fee by $1 for some accounts, but not waive it. Ways to waive the fees include having a required amount in the account or direct deposits. The youth accounts do not have a monthly fee.

There are two money market accounts offered by Union Bank. The basic MMA requires $2,500 to open the account. The High Rate money market account required $10,000 to open. Both accounts have a monthly maintenance fee. Union Bank requires you to link one of their checking accounts to the money market accounts. The interest rates for Union Bank MMA are not competitive.

The Priority bank account is the only checking account that earns interest. The minimum opening deposit for the interest earning account is $1,000. There is a $30 monthly fee. The fee is only waived if you have over $50,000 in combined Union Bank accounts or have a mortgage through Union Bank.

Read the full Union Bank review.

The interest rates on Limelight CDs are competitive. They are competitive with other online CD accounts. Limelight interest rates are much higher than typical brick and mortar bank rates.

Limelight interest rates are not tiered. Any amount in the CD earns the most competitive rate offered. There is no set balance required to earn the most competitive rate.

Each of the Limelight CDs only requires $1,000 to open. There are no monthly fees. The only fees with Limelight CDs are from withdrawing money before the account reaches maturity. You can withdraw money during the grace period without a fee.

Limelight Bank is an entirely online bank. There are no branch locations. You open your account online, and everything for your account is online. Any U.S. citizen, who is 18 years or older, with an SSN or ITIN can open an account.

Limelight Bank offers limited options for personal deposit accounts. They only offer personal deposit CDs. Those CD terms include a six-month term, 12-month term, or 18-month term. Limelight Bank does not offer a savings, checking, or money market account.

Limelight customer service is not available 24/7. The most common way to reach customer service is through email. There is a phone number listed on the website. Customer service hours are not listed on the website.

Limelight Bank does not offer business accounts. The only account offered are personal deposit CDs. Those terms include a six-month, 12-month, and 18-month terms.

Limelight does not offer a checking or savings account. To fund the CDs requires the accounts to be linked to an external account. Once the account is linked to an external bank account, you can easily make transfers into and out of the CDs. Transfer money during the CD grace period or when the CD reaches maturity to avoid a fee.

Read the full Limelight Bank review.