RBC Bank's (USA) Personal Savings Account is a low minimum balance account and offers easy access for withdrawals or transfers. The monthly maintenance fee is waived for children under age 18 and it makes a great financial teaching tool. Account features include competitive interest rate, $100 minimum opening deposit (monthly fee waived for clients under 18 and over 65), minimum balance is $300 to avoid $5 monthly fee, free option for automatic transfers from checking and access funds by ATM, phone, web or at any of the banking centers.