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Skip Navigation Links Personal > Personal Savings, CDs and IRAs > Personal Savings Accounts > First StepsSM Savings

First StepsSM Savings

A lifetime of financial success begins with a single step.

When your children open their first savings accounts, it should be an event that helps to instill a lifetime of prudent financial decisions. Our Personal Bankers are happy to sit down with your kids to help them learn more about the power of saving.

Interest Rates
One rate paid on all account balances. Check our current rates
Interest Calculation
Simple interest accrues daily, compounded quarterly and paid quarterly
Access to Funds
Up to 6 monthly pre-authorized, automatic or telephone transfers, or point of sale.
Minimum to Open
Just $5 to open
Minimum Daily Balance to Waive Service Charge
N/A
Service Charge
FREE
Additional Benefits
Free Online Banking and eStatements

Ready to get started? To open your child’s First Steps Savings account call us at (805) 963-7511, or just stop by one of our convenient branch locations.

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News

Montecito Bank & Trust Reports Higher Earnings

We are pleased to report that for the first six months of 2010 Montecito Bank & Trust earned $4.4 million in net profit, a 13% increase over 2009. [Read on]


Castillo and Nuno Team-Up at the Montecito Bank & Trust Carpinteria Branch

Montecito Bank & Trust is pleased to announce that Anthony Castillo has joined the bank as Vice President and Branch Manager of the Carpinteria Branch. [Read on]