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Teach Children to Save Day: NerdWallet’s Favorite Community Bank Participants

April 15, 2013
Personal Finance
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Financial literacy for children is a popular topic at NerdWallet. And for good reason—financial literacy is one of the most important subjects we can teach children. Developing saving and money management skills early in life can make all the difference for your kids. With a foundation of basic budgeting habits, they will stand a much better chance at becoming financially successful adults.

Celebrate Teach Children to Save Day at a Community Bank Near You

Because the American Bankers Association (ABA) also understands the importance of children’s financial education, they have made Teach Children to Save Day (TCTSD) an annual celebration since 1997. This year, TCTSD is being held on April 23, and banks across the country will be participating throughout the entire week. Whether they are offering special rewards and prizes for opening children’s accounts, educational games, or special classroom presentations, you will find something that benefits your child’s financial education. We’ve decided to highlight some of the amazing community bank participants, and let you know all about the great events and activities they have planned.

Metro Bank – Harrisburg, PA

Metro Bank is looking forward to another year of improving the financial education of children in their community. Last year, they visited 31 schools and taught 1,500 students valuable lessons in saving, using a bank, and budgeting. This year, they plan on visiting thousands more kindergarten and first-grade children, and offering them the same opportunity to receive free savings tips. Metro Bank’s commitment to children’s financial literacy doesn’t end with Teach Children to Save Day. They also provide free financial education classes year-round for K – 12 students through their Metro Money Sense program. Metro Bank has branches in Cumberland, York, Dauphin, Lebanon, Lancaster and Berks counties, Pennsylvania.

Montecito Bank & Trust – Santa Barbara, CA

Montecito Bank & Trust has celebrated Teach Children to Save Day for the past seven years, with more schools visited each year. This year, 45 bank volunteers visited 1,900 students at 22 schools in their community. Due to scheduling conflicts with the school districts, Montecito’s team held their classroom presentations on April 4 and 10, offering grades K – 12 crucial tips in saving, budgeting, understanding the different between needs and wants, and increasing savings. Older students received lessons in compounding interest, budgeting for college or car expenses, and credit cards. Parents were able to get in on the action as well, with special tips on how to make every day a “Savings Day”. Montecito Bank & Trust has branches in Santa Barbara and Ventura counties, California.

American Bank – Fond du Lac, WI

American Bank is promoting Financial Literacy Month in April, and as part of their outreach they will be offering bank tours and classroom presentations to elementary school students in their community. American Bank has been providing these services for more than four years. They take the financial literacy of their community seriously, whether they’re giving an educational lesson or bank tour, handing out informational flyers, or simply reading a book to kids. American Bank has branches in Brownsville, Fond du Lac, Mayville, Omro and Princeton, Wisconsin.

St. Johns Bank & Trust Company – Saint Louis, MO

St. Johns Bank & Trust Company is celebrating Community Banking Month in April with a host of community services. They will be taking part in Teach Children to Save Day by offering special classroom presentations for local elementary school students. They will also be announcing three annual St. Johns Bank Excellence Scholarship winners and serving local schools and charities with fund-raising donations all this month. Currently, they are collecting baby items for April Showers, a program assisting charities that care for babies. Bank employees who contribute to the program are awarded with a special dress-down, casual day on May 3. St. Johns Bank & Trust Company shows they care for their community with active charity programs year round. Branch offices are located in St. Louis, Bridgeton, St. Peters, O’Fallon and St. Charles, Missouri.

Independent Bank – Ionia, MI

Independent Bank recently launched a Financial Literacy campaign dedicated to improving the financial education and awareness in their community. They have a brand-new webpage for kids, with calculators, games and comics. For Teach Children to Save Day, they will be offering lessons in savings, money management and financial responsibility to community children, as well as people of all ages throughout Michigan. Independent Bank associates use their experience and knowledge to teach kids how to become expert savers. They are also offering a special savings promotion for kids, with their Swift! Savings account. Independent Bank has over 70 branches throughout Michigan.

NBT Bank – Norwich, NY

NBT Bank’s Teach Children to Save program partners with local school districts and colleges to provide interactive lessons, financial literacy resources for the home and the classroom, class trips to bank offices, and other options to students of all ages. NBT Bank also offers the Strive program (and related iStrive banking products), which is dedicated to helping kids and young people achieve financial success as adults. Students get vital tips in topics like saving, budgeting, setting goals, borrowing money, and protecting their personal information. NBT Bank and its divisions have leveraged the Teach Children to Save program to conduct more than 150 presentations to more than 80 schools or community groups across its footprint in just over a year of utilizing the program. NBT Bank, N.A. is a community bank with two divisions. NBT Bank operates from 121 locations in upstate New York, northwestern Vermont and western Massachusetts. NBT’s Pennstar Bank division operates from 35 locations in northeastern Pennsylvania, and its Hampshire First Bank division operates from five locations in southern New Hampshire.

Mohave State Bank – Lake Havasu City, AZ

Mohave State Bank is the only bank in Arizona that participates in both the Teach Children to Save Day program and the Get Smart About Credit Day program. Their team is constantly making efforts to promote financial literacy at schools in their community. They hope to improve children and young adults’ chances at personal finance success with informative classroom presentations. Mohave State Bank has branches in Yuma, Bullhead City, Kingman and Lake Havasu City, Arizona.

Jewett City Savings Bank – Jewett City, CT

Last year, Jewett City Savings Bank helped more than 150 students in local schools learn important lessons in financial education. These lessons covered topics including why banks are a safe place to store money, understanding the difference between needs and wants, setting priorities for spending, and financial responsibility and money management. They offered savings tips for parents, like setting a good example, talking about money with your family, and opening a savings account for your kids. This year, they will also be celebrating Money Smart Week, from April 20 – 27, with free piggy banks and activity books for children. Jewett City Savings Bank has branches in Brooklyn, Central Village, Dayville, Jewett City and Preston, Connecticut.

Students and teacher saving money image courtesy of Shutterstock.