Custodial (UTMA) Account

For a student savings account, you can start the account opening process through our online application, with one of our Digital Bankers, or by visiting your local branch. Custodial (UTMA) accounts can be opened with a Digital Banker or at any D.L. Evans Bank branch. Some required documents you will need include:

• The child’s Social Security number

• The child’s birth certificate or another form of identification

• A parent or legal guardian’s valid photo ID (such as a driver’s license)

• Proof of address for the parent or guardian

After the application is complete, you will just need the minimum opening deposit, which is only $10 for either type of student account.

Starting a savings account for your child at an early age is always a good idea. Whether your child is a newborn, toddler, or just beginning school, opening a savings or custodial account can establish a solid financial base for their future. By saving early, you can benefit from interest growth over time, and it provides your child with the chance to learn important money management skills as they mature.

Student Savings Account: A student savings account is designed specifically for student savers of any age or grade. The D.L. Evans Bank student savings account features a lower minimum balance requirement, no monthly service fees, and a lower opening deposit.

Regular Savings Account: A regular savings account is available to customers of any age and provides a safe place to save money while earning interest. These accounts may have higher minimum balance requirements and could include monthly service fees but may have additional services or features associated with them.

Custodial (UTMA) Account: A Custodial Account, also known as a UTMA (Uniform Transfers to Minors Act) account, is managed by an adult (the custodian) for the benefit of a minor. The custodian controls the account until the child reaches the age specified by Idaho or Utah law. UTMA accounts are commonly used to save for a child’s future expenses, such as college or a first car, and the funds legally belong to the minor.

If you’re considering opening a savings account for yourself or a child, our team at D.L. Evans Bank is happy to help you choose the right option. Visit your local branch or speak with one of our Digital Bankers for personalized answers.

A savings account offers several important advantages for managing your finances. First, it provides a safe and secure place to set aside money for future needs, emergencies, or specific goals—such as a vacation, a new car, or education expenses. At D.L. Evans Bank, your savings are federally insured up to the allowable limits, giving you peace of mind.

Additionally, savings accounts earn interest, helping your money grow over time without any risk to your principal balance. Having a separate savings account also makes it easier to track your progress toward your financial goals and avoid the temptation to spend funds that are meant to be saved.

With many different types of savings accounts we have one to fit your financial goals.

Yes, savings accounts at D.L. Evans Bank do earn interest. When you open a savings account with us, your money grows over time through interest that is paid regularly and added to your account balance.

For more information about our current savings account interest rates, or to find the best savings option for your financial goals, please visit your local D.L. Evans Bank branch, or connect with one of our Digital Bankers through Video Banking. Our team is always happy to help you make the most of your savings.

To open a savings account, you’ll need a few key items:

• A valid, government-issued photo ID (like a driver’s license or passport)

• Your Social Security Number

• Proof of address (such as a utility bill or lease agreement)

• The required initial deposit (amount varies by account)

For any account-specific requirements or further assistance, please visit a branch or speak with one of our Digital Bankers.

You can open a new savings account in person at any D.L. Evans Bank branch.

You can open a new savings account online, in person at any D.L. Evans Bank branch, or via a video call with one of our Digital Bankers for a seamless, personalized experience.