Save For Success: Early Savings For Secure Futures
Learn to embrace the importance of saving money
Union Bank partners with local grade schools to introduce young students to the principles of saving, how to effectively manage money, and the importance of investing money for a return.
Our Save For Success program began in 1995 at the Cambridge Elementary School in Cambridge, Vermont, and has since expanded across our branch communities in both Vermont and New Hampshire. It offers children wise money management skills that will benefit them throughout their life, and includes a Save For Success Statements Savings account, and a Certificate of Deposit (CD) account.
Save For Success Statement Savings Account
- No initial deposit is required. Union Bank deposits the first dollar for every student that participates.
- Elementary student accounts are joint accounts with a parent or guardian, requiring one signature for withdrawal.
- Middle school and high school students may open individual Statement Savings and Certificate of Deposit accounts with parental permission.
- Students are provided with a Save for Success zipper pouch that is used to safely transport the deposit to school.
- Parent volunteers hold a weekly banking day at the school where students may make a deposit of any amount to their savings account and choose a weekly prize. The volunteer will enter the deposit in their account register.
- Deposits may also be made at any Union Bank branch office, and/or electronically. Withdrawals must be made in person at one of Union Bank branch offices (no electronic debits allowed).
- Statements will be mailed home on a quarterly basis.
To Get Started
- Visit a Union Bank branch location to open a Certificate of Deposit.
- Parents or Guardians may open a Save For Success account at the participating schools during banking day.
Are you interested in volunteering and/or bringing this program to your school?
Union Bank is proud to offer the Save For Success program as a service to parents, teachers, and children in our local communities to support lifetime skills with sound money management. If you are interested in volunteering and/or bringing this program to your school, please contact:
Monica P. Wood
Save for Success Coordinator
802.888.0448
[email protected]
Save for Success accounts that are opened and do not have activity within the first 12 months will be closed.