TP Bank Online offers a special savings account to children from ages 4-12 that attend participating WISE schools. Each month bank representatives come to the school to collect deposits from the students. Children who bring a deposit on their designated deposit day are eligible to receive a prize from the treasure box. It is never too early to teach your child how to save
On July 21, 2010, President Barack Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act, which, in part, permanently raises the current standard maximum deposit insurance amount to $250,000. The FDIC insurance coverage limit applies per depositor, per insured depository institution for each account ownership category.