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CHILDREN’S SAVINGS PROGRAMS Did you know the average 12 year old receives approximately 50 dollars a week?*
First Security Bank offers two children’s savings programs: Save For America and Moola Moola. These programs teach children the skill of saving, the value of money and how to budget for the future.
HOW IT WORKS A children’s savings account with First Security Bank is a joint account with the child and a parent/guardian. Save For America and Moola Moola savings accounts have no minimum deposit requirement as the focus of the programs are on the frequency of deposits, not the size of deposits. In addition to the features of a regular savings account, our bank employees travel to Malta Elementary School every Friday during the school year. This gives your child an opportunity to make deposits and participate in our savings program with their fellow classmates. For every deposit children make at school they will be entered into a weekly drawing and a national drawing that is held at the end of each school year. Our program is offered by Save For America, an independent, non-profit organization whose mission is very simple: to have every child in America start a savings account. Save For America is the largest school savings program in the country and approved by the U.S. Department of Education. Visit a First Security Bank representative to set up a savings account for your child then take advantage of the tools online by enrolling your child at the Save For America Website. Start Saving and Enroll today.
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