Students at Clinton Elementary School will have an opportunity to open a savings account beginning in January.
First National Bank in Clinton and the Clinton Community Education Foundation are opening an in-school bank at CES. Connie Unruh with First National Bank says the school bank will be an extension of the financial literacy programming she already conducts.
Unruh notes students helped select the incentives that will be given out for depositing and saving money. Prizes will be given out at the end of each month and a grand prize will also be given at the end of the year. Unruh indicates there is no minimum deposit to open an account or deposit each week.
Tellers for the school bank were selected from the fifth-grade students. Interested students filled out an application and took a math skills test with 12 students being selected. Unruh says having students be tellers instills leadership and customer service skills.
Unruh indicates students will have a savings goal that they will save for. Once they reach that goal the student will have the opportunity to withdraw money from their account for that purchase or keep their money in their account. Students moving to junior high at the end of the school year will be issued a check for any remaining balances.
CCEF President Parker Toohill notes they are very excited about their involvement with the program. He says CCEF has been looking for ways to get involved at CES and thought this was the perfect opportunity.
Unruh needs adult volunteers to help with the program. The commitment would be for a couple of hours on Wednesday mornings. It would consist of helping students fill out deposit slips and assisting the student tellers.
More information on the in-school bank can be found by visiting the CCEF website, ccef15.org.
Those interested in volunteering can contact Unruh at the First National Bank in Clinton at (217) 935-7464.