Dream Builder Account

Dream Builder Account

Meet the Dream Builder Account

The Dream Builder Account is a combination checking and savings account that’s designed to grow with your kids and changes as their needs change. Designed for kids from birth to age 21, each of the four tiers offers a new set of benefits and perks such as a $25 opening bonus, $5.00% interest rate on deposits up to $500, and $10 birthday bonus up to age 12.

The best part? The Dream Builder Account comes with a wealth of financial knowledge to help your child stay on the right path, so you have peace of mind knowing F&M is here to guide and provide for your child, every step of the way.

  • Building Blocks (Ages 0-12)

  • Minimum to Open Account
    $25
    Initial Account Opening Bonus1
    $25 on initial deposit
    Interest Rate Tier 1 (balances up to $500)
    5.00%
    Annual Percentage Yield (APY)2
    5.12%
    Interest Rate Tier 2 (balances above $500)
    0.01%
    Annual Percentage Yield (APY)2 Tier 2
    2.56% – 5.12%
    Birthday Reward3
    $10
    Online Banking4
    Parents Only
    Bill Payment5
    N/A
    Mobile Banking
    Parents Only
    Adult on Account
    Yes
  • Building Know-How (Ages 13-15)

  • Minimum to Open Account
    $25
    Initial Account Opening Bonus1
    $25 on initial deposit
    Interest Rate Tier 1 (balances up to $500)
    5.00%
    Annual Percentage Yield (APY)2
    5.12%
    Interest Rate Tier 2 (balances above $500)
    0.01%
    Annual Percentage Yield (APY)2 Tier 2
    2.56% – 5.12%
    Foreign ATM Fees Waived
    Combined ATM fee refunds up to $10/month
    ATM Surcharges Rebated
    Up to $10/month
    Debit Card POS Limits6
    $500/day
    ATM Withdrawals
    $250/day
    Online Banking4
    Parents Only
    Bill Payment5
    N/A
    Mobile Banking
    Parents Only
    Mobile Deposit Limits7
    $5,000/daily
    Adult on Account
    Yes
  • Building Steam (Ages 16-18)

  • Minimum to Open Account
    $25
    Initial Account Opening Bonus1
    $25 on initial deposit
    Interest Rate Tier 1 (balances up to $500)
    5.00%
    Annual Percentage Yield (APY)2
    5.12%
    Interest Rate Tier 2 (balances above $500)
    0.01%
    Annual Percentage Yield (APY)2 Tier 2
    2.56% – 5.12%
    Foreign ATM Fees Waived
    Combined ATM fee refunds up to $10/month
    ATM Surcharges Rebated
    Up to $10/month
    Free Basic Checks
    Yes
    Debit Card POS Limits6
    $3,000 for Age 18+; $500 for Age 16/17
    ATM Withdrawals
    $500/day
    Online Banking4
    Yes
    Bill Payment5
    Yes
    Mobile Banking
    Yes
    Mobile Deposit Limits7
    $5,000/daily
    Adult on Account
    Yes
  • Building Opportunity (ages 19-21)

  • Minimum to Open Account
    $25
    Initial Account Opening Bonus1
    $25 on initial deposit
    Interest Rate Tier 1 (balances up to $500)
    5.00%
    Annual Percentage Yield (APY)2
    5.12%
    Interest Rate Tier 2 (balances above $500)
    0.01%
    Annual Percentage Yield (APY)2 Tier 2
    2.56% – 5.12%
    Foreign ATM Fees Waived
    Combined ATM fee refunds up to $10/month
    ATM Surcharges Rebated
    Up to $10/month
    Free Basic Checks
    Yes
    Debit Card POS Limits6
    $3,000 for Age 18+; $500 for Age 16/17
    ATM Withdrawals
    $500/day
    Online Banking4
    Yes
    Bill Payment5
    Yes
    Mobile Banking
    Yes
    Mobile Deposit Limits7
    $5,000/daily
    Adult on Account
    Optional
  • Disclaimers
  • ¹Initial account opening bonus will be deposited during account opening and is provided once during the Dream Builder account lifetime. The initial account opening bonus is subject to tax reporting requirements. You will receive a $25 bonus within 30 days after the opening deposit has been made.

    ²Annual Percentage Yield (APY) subject to change. This is a variable rate that is subject to change after the account has been opened. Fees may reduce the earnings on the account. Interest rate and APY are accurate as of 3/1/2023 and calculated on an account balance of $1,000. Account balance must be $0.01 or greater to earn interest. Tier 1 – If your daily balance is $500 or less, the interest rate paid on the entire balance in your account will be 5.00% with an APY of 5.12%. Tier 2 – if your daily balance is greater than $500, the interest rate paid on the balance greater than $500 in your account will be 0.01% resulting in APYs ranging from 2.56%-5.12% (assuming a maximum account balance of $1,000).

    ³Birthday reward will be deposited the first business day of the month following when the birthday occurred. One birthday reward per account per calendar year. Account balance must be $0.01 or greater to receive the birthday reward.

    ⁴Only parents/guardians can register for Online and Mobile Banking in the Building Blocks benefit category. Message and data rates may apply.

    ⁵Parents/guardians cannot register for Bill Payment until the minor is of the age of 16.

    ⁶Debit Card POS is limited to $250/day in the Building Blocks Benefit Category and is limited to$3,000/day for account holders age 18+ and $500/day for account holders ages 16 and 17 in the Building Steam and Building Opportunity benefit categories.

    ⁷Mobile Deposit Limits change based on the benefit category:

    • Building Know-how: our current daily deposit limit is $5,000 per day and no single check exceeding $250 with a maximum number of ten checks. The current multi-day check deposit limit is currently 15 check deposits and $1,000 over a five-day period;
    • Building Steam: our current daily deposit limit is $5,000 per day and no single check exceeding $1,000 with a maximum number of ten checks. The current multi-day check deposit limit is currently 15 check deposits and $5,000 over a five-day period;
    • Building Opportunity: our current daily deposit limit is $5,000 per day and no single check exceeding $2,500 with a maximum number of ten checks. The current multi-day check deposit limit is currently 15 check deposits and $10,000 over a five-day period.