Custodial Investing (UTMA)
Start saving for a child’s future by investing on their behalf—and at a great rate!
A UTMA custodial investment account is a great way to give a financial gift to a child, while investing on their behalf.
You’re in control. As custodian of the UTMA account, you decide the age of majority (21-25) at which the custodianship will terminate. You choose the rates and terms, as well as any scheduled additions or regular distributions.
Tax-deferred growth. Interest earned is tax-deferred, so your compounding interest goes that much farther.
Great rates, locked in. Once you invest in a fixed-rate investment note, your rate is set for the term you selected. Any money you add will earn at that same fixed rate.
$0 maintenance fees. Fixed-rate investments have no maintenance fees, no service fees, and no hidden penalties, so you can earn more with your investment.
You can easily manage your UTMA investment account on our secure customer portal.
Investments that Fund the Kingdom
As part of your UTMA account, you can open multiple notes with different fixed rates and terms. When a note matures, you can reinvest it to continue saving for the child, or the maturity balance can be distributed (as long as it is used to benefit the minor).
Earn up to
0
on a six-month term.
% APY*
*APY = Annual Percentage Yield assumes all interest is left in the investment and compounded.
Current Rates
|
APY*
|
APR*
|
Term
|
|---|---|---|
|
5.12%
|
5.00%
|
6 Month
|
|
4.59%
|
4.50%
|
12 Month
|
|
4.33%
|
4.25%
|
18 Month
|
|
3.82%
|
3.75%
|
2 Year
|
|
3.56%
|
3.50%
|
3 Year
|
|
3.04%
|
3.00%
|
5 Year
|
Opening a UTMA account is easy to do.
Choose the term that fits your saving objectives or diversify your investment across multiple rates and terms. Read our Offering Circular and complete a short application form to get started!
Frequently Asked Questions
A trust is a legal arrangement in which the assets are held for the benefit of another (a minor child, adult, or multiple individuals) under the terms of a trust deed. The appointed trustee manages the funds until they are no longer able or willing to do so.
A custodial account is an account managed by an adult for the benefit of a minor child. Once the child reaches the age of majority(21-25 years old), the adult child gains full control of the account.
In both cases, the custodian has the responsibility to manage the funds in the recipient’s best interest. The main difference is how the responsibility is transferred at age of majority.
Prior to the age of majority, an elected custodian controls the account. Once the child reaches the age of majority, they assume control of the account.
Typically, yes, you can add to your investment note(s) at any time. If for any reason your investment note becomes closed to additions, we will give you 30 days advance notice.
Fixed-rate notes are set up with the intention that the funds will stay in the account until maturity. Typically, early redemptions can be made from these notes with a 30-day written notice and will result in a six-month interest penalty.
Interest rates are determined by the terms of your investment, not by the dollar amount invested.
The account will be transferred to the child when they reach the age of majority, between 21-25 years old. The custodian chooses the age of majority.
Your investments are not “secured.” Investments with GenFi Ministries cannot be covered under the FDIC insurance program, because GenFi Ministries is a ministry, not a bank.
GenFi Ministries’ total net assets exceeded $15 million as of December 31, 2024. See our Offering Circular for more information.
Your investment supports the expansion of Assemblies of God churches and ministries through our loan program. See our Offering Circular for more information regarding our activities and the use of proceeds when you invest with us. See the impact investments with GenFi Ministries have for ministries nationwide.
If the child passes away, the assets become part of the child’s estate.
If the custodian passes away, the successor custodian becomes responsible for the management of funds.
Investing with Purpose
Investments with GenFi Ministries support churches and ministries.
When you invest with GenFi Ministries, you help build up Assemblies of God churches all over the United States. Thanks to the investments of thousands of individuals and families, we can support the health, vitality, and continued success of hundreds of ministries. Your investment is not just earning a return for you… it’s earning a return for the Kingdom and creating a generational impact.