UTMA/UGMA Account

Money in Uniform Transfer to Minors Act/Uniform Gift to Minors Act (UTMA/UTGA) Accounts are considered an irrevocable gift or transfer to the minor. The custodian on the account controls the funds for the benefit of the minor.


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Rates

ProductDividend RateAnnual Percentage Yield
Share Savings Accounts3.25%3.30%

Annual Percentage Yield is accurate as of April 1, 2024.

Dividends are compounded DAILY and declared at the beginning of each month and are credited and posted on the last day of the month.

Share rates are subject to change monthly (such change to be effective on the first day of each month) to reflect any changes as declared by the Board of Directors of the State Farm Credit Union during the month preceding any such change.

Features & Benefits

  • Competitive rates means better returns
  • May offer potential tax advantages*  
  • Offer flexibility in how funds are spent to benefit the child

*Consult a financial advisor or tax professional to determine if this account best meets your needs.

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Why choose SFFCU?

Get these benefits when you save with us.

Great Rates
We offer the same competitive rates regardless of the balance.
24-Hour Access
Online & mobile banking give you access to your accounts anytime, anywhere.
Convenience
Payroll deduction makes saving automatic.
Personalized Service
We care! State Farm employees helping fellow State Farm associates.
Security
Shares are secured by the NCUA.
Achieve Financial Goals
Multiple share savings account options help meet your savings needs.