Turn Saving Money Into a Habit

Yes. Your child will be assigned an account number as the account is opened at Happy State Bank. This account can only be opened in the child and co-owner’s name (parent/grandparent/guardian). To be an owner of an account, the bank has 5 requirements with no exceptions: name, social security number, date of birth, physical and mailing address, and a valid photo identification.

• No service charge and unlimited transactions
• Open an account with any amount – only one account per child
• No minimum balance required
• Pays interest accrued daily and compounded and paid quarterly
• Deposits can be made by child or co-owner at any Happy State Bank or at school when the School Savings Bank is open (co-owner payroll checks, insurance checks, tax refunds and similar instruments cannot be accepted)
• Withdrawals can be made by child or co-owner at any Happy State Bank location

Money doesn’t grow on trees, but it sure can grow like one. Let’s use a few examples of how this can work for your child.

If you work and receive $2 a week for your allowance, after one year you will have $104!

Let’s say you save that $2 a week starting at the age of 10. By age 18, you’ll have over $800. Don’t spend it all in one place!