An elementary school has started a new program encouraging young students saving for their future as part of a partnership with a local bank. The “branch” will open in the school lunchroom one morning a week.
The program was set up with the help of Two Rivers Bank and the Arlington Future Business Leaders of America (AFBLA). Shawna Koger, the advisor for AFBLA says that starting good savings habits early will last students for a lifetime.
“Several years ago Two Rivers Bank and myself met to look into this program as a way to teach personal finance concepts at the elementary level,” Koger said. “Recently, the bank and school began finalizing the steps necessary to make this partnership a reality.”
Students in grades K-12 may enroll voluntarily. “The bank will be open each Friday morning from 8:00 to 8:30 a.m. in the lunchroom,” she said. “Students who deposit on opening day, September 9, will receive a match up to $5 from Two Rivers Bank.”
In addition, instead of traditional interest, students will earn prizes. Students who are members of Future Business Leaders of America will serve as tellers.