As the only bank headquartered in Berks County, Fleetwood Bank offers their Smart Savers Savings Account to students in grades Kindergarten through 12th Grade as a way to establish a strong financial foundation for our future community leaders. With this program, students can earn money for good grades!
1. It Incentivizes Your Student To Get Good Grades
Make learning rewarding – literally! As a Smart Saver, students can earn $5 for every “A” (or equivalent) in math, science, social studies, and language arts / English. This is equivalent to up to $20 per grading period. Students have up to 20 days after each grading period to present their report card at their local branch.
2. The Money Earned For Good Grades Can Grow Over Time
In addition to the free money your child receives from the bank for their good grades, any additional money that your child may put into their savings account will earn interest as long as a $1 balance is kept in the account. Interest accrues daily and is paid semi-annually on the balance in the account, plus, there are no monthly service charges.
3. You’ll Enjoy The Additional Perks of Being A Smart Saver
All Smart Savers are added to an exclusive email list to receive invitations to Fleetwood Bank contests and events, fun activities, and kid-friendly tips on saving. (Scan the QR code and head to the Resources section of this web page to find helpful worksheets to implement at home with your child). Plus, each Smart Saver is offered a complimentary “I’m A Fleetwood Bank Smart Saver” t-shirt when they enroll in the program.
4. It’s Easy To Sign Up For
With as little as $5 and a parent or guardian present for students younger than age 18, an account can be opened.
5. Building Smart Money Habits Early Goes A Long Way
Research shows a correlation between financial literacy and informed spending decisions, effective budgeting, stronger saving habits, and overall better financial health. According to a study by Pew Research Center, only 45% of young adults ages 18 to 34 say they are fully financially independent from their parents. Additionally, in a recent Prosperity Index Study, 73% of Gen Z respondents (those born between 1997 and 2012) said that today’s economy makes them hesitant to set up long-term financial goals. Making your child a Smart Saver gives them the tools and confidence to set them up for success. Financial literacy leads to financial independence.
Scan the QR code or visit Fleetwoodbank.com/SmartSavers to learn more.
