Monday, 29 June 2009 13:38
The new product is called Sprout. It is an account for kids to save for college, a car, down payment on a home or some other major expense. The account can be opened any time from birth to 18 and the funds are available when the child turns 18. No minimum deposit is required to open. FORUM will match 10% of deposited funds per calendar year at the following tier levels: $200, $500, $750 and $1000. There are certain penalties that apply for early withdrawals and/or early closure. If you need more info about the penalties see our website. Pretty cool, huh?