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Custodial Accounts (UGMA/UTMA)
Custodial Accounts (UGMA/UTMA) are special accounts that allow minors to receive and manage assets until they reach adulthood.
Capital Bank offers Custodial Accounts (UGMA/UTMA), a versatile option for parents or guardians looking to save money for their child's future. These accounts provide a convenient way to invest in a child's name, with the flexibility of choosing from various investment options. UGMA (Uniform Gift to Minors Act) and UTMA (Uniform Transfer to Minors Act) accounts allow for tax advantages and can be used towards educational expenses, down payments on homes, or other major milestones. With Capital Bank's Custodial Accounts, you can start building a solid financial foundation for your child's future.