Save$um Children's Banking Program

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The Save$um Banking program is an inter-active, hands-on educational program designed specifically to educate children on the importance of saving money, being self-disciplined, and knowing the self-satisfaction of watching their money grow.

The Save$um program was created as a school banking program and is very successful in several area schools. However, Save$um accounts may be opened for children at any of our Branch Locations.

This program gives children the opportunity to develop money management skills, learn how to reach financial goals and become a "SAVE$UM" Saver by:

• Getting started early
• Adding to their account regularly and
• Leaving their money alone long enough for it to increase in value.

As an introduction to the savings program, Athol Savings Bank will add $2.00 to each new student's initial deposit. In addition, when a student makes 25 deposits of $1.00 or more, within a one year period, Athol Savings Bank will deposit an additional $5.00 to the student's account.

Athol Savings Bank also offers those children who have $250 or more in their account, the opportunity to transfer their money into a 6-month Save$um certificate of deposit.

Athol Savings Bank trains and utilizes students at each school to "work" as tellers at the Save$um Bank in their school. Interested students are invited to fill out a job application and go through an interview process with Athol Savings Bank personnel and are "hired" to work as student tellers. The student tellers are supervised by staff from Athol Savings Bank.

For more information about the Save$um Banking Program call one of our customer service representatives at 1-888-830-3200.

Account Account Features

Save$um Children's Account This account gives children the opportunity to develop money management skills, and learn how to reach financial goals. Truth in Savings The bank adds $2.00 to the student's initial deposit No minimum balance requirement Interest bearing ($10 minimum balance necessary) $5.00 additional deposit after 25 deposits of $1.00 or more Passbook provides you with a record of your account Deposits may be made at participating schools on their Save$um banking day, or at any of our Branch Locations Contact one of our Branch Locations for more information Save$um Children's CDs This account gives the children with larger balances in their savings account an opportunity to earn a higher interest rate. Minimum balance $250 6 month term Passbook provides you with a record of your account Contact one of our Branch Locations for more information