A very special savings program for kids under the age of 18 that teaches financial responsibility.
Financial literacy is so very important to future successful money management. In managing a banking account, a young person learns so many lessons. First of all, of course, patience. The value of waiting to accumulate your funds to receive the treat you are saving for. And then there is the reward for that patience when they get to buy the item for themselves!
They learn how to balance their allowance or work income, to save some and spend some, and what the best of spending to saving allow them will reach their goals!
They practice math, as they see their funds grow with each deposit. And if they are very astute, they can learn how to figure their interest.
If you teach a child to treat their money with care and respect from an early age, you build a lifelong habit.
Here’s what a kid with a Kids’ Saver account gets:
• Special 1% Kids’ Savers Interest Rates—Higher than most other banks!
• No Fees
• Quarterly Statement
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