Savings Center

• Certificates of Deposits (CD’s)
• Laddering your CDs
• Health Savings Accounts
• IRA's and ESA's
• Money Market Accounts
• Regular Savings Accounts
• Trust/FLUTMA Accounts
• Rates
• Savings Bonds
• Signature Guarantee

A FLUTMA Account is a custodial account in which a custodian manages the funds of an account for the benefit of a minor. The minor is the sole owner of the account, but has no authority to transact on the account until he or she attains the age of 21. State law limits all FLUTMA accounts to one minor beneficiary and one custodian. NO joint members are permitted on FLUTMA accounts; however, custodians are strongly encouraged to designate a successor custodian. A VyStar Representative can help you open this type of account and answer your questions.

Savings Accounts, Certificates and Money Market Accounts may be set up as FLUTMA accounts, and the funds are accessible through Magic*Touch, Internet Banking, direct deposit and ATM cards, under the same restrictions as non-FLUTMA accounts.

Living Trust Accounts (Revocable Trusts)

Trust accounts are federally insured as payable-on-death accounts, and are separate from the member's other deposit accounts. For living trust accounts, you may use all types of deposit accounts (savings, checking, certificates, etc.) and safe deposit boxes. IRAs and Loan accounts are not eligible as trust accounts. The trust must be created and administered under Florida law. Irrevocable or Amendable Trust Accounts cannot be opened. In order to open a trust account, several documents must be presented including the Certified Copy of Trust Instrument by Attorney form, a copy of the first page and signature page(s) of the trust, and a new Membership Application to change the ownership of the account to the trust. Depending on the circumstances, other information may be necessary. A VyStar Representative can help you open this type of account and answer your questions.