SEATTLE, June 9, 2016 /PRNewswire/ -- Young students from Arkansas, Massachusetts, New York, Indiana and Pennsylvania received Kindle readers for being Super Savers at School Savings™. To qualify, students had to save at least fifteen times at school between September 1, 2015 and Memorial Day 2016. Banking stations manned by parent volunteers provided the opportunity for students to make deposits into their saving account FROM SCHOOL. Local bank and credit union sponsors partnered with SCHOOLSAVINGS.COM to offer the weekly U.S. Department of Education approved cloud-based bank-at-school programs. All of this year's Kindle winners saved at least double the minimum number of times to qualify for the contest.
Institutions sponsoring the cloud-based school banking programs of the Super Saver Kindle winners included: Martha's Vineyard Savings Bank in Massachusetts, State Employee Federal Credit Union of New York, UNB Bank in Pennsylvania, Terre Haute Savings Bank in Indiana and Southern Bancorp in Arkansas.
School Savings™, in cooperation with schools and financial institutions, empowers parents to re-instill the habit of saving in their children. And, families learn to save together by tracking school deposit history, maintaining an online savings register and monitoring savings goal progress.
"School Savings also benefits financial institutions by helping them refresh an aging client base, qualify for CRA credit, create educated customers and develop a meaningful relationship with households in their market area," states Sherry Avena, CEO of School Savings.
School Savings™ http://www.schoolsavings.com is a cloud-based school banking system. It is the only U.S. Department of Education-approved financial literacy model endorsed for use in all U.S. public and private schools. More than 7,000 schools and three million 3,000,000 students have opened savings accounts through School Savings™. Visit SCHOOLSAVINGS.COM . Contact email@example.com or call toll free 1-888-787-7728 for more information.
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SOURCE School Savings(TM)