By Citizens Building & Loan
Many parents and grandparents are opening passbook savings accounts for their children. They see a passbook savings account as a useful teaching tool to help kids learn and appreciate how to save. One reason is that a passbook is tangible, it is a small booklet that keeps a running record of all the savings transactions.
Unlike online accounts, kids can hold a passbook in their hands and see how their money is growing every time they make a deposit. What’s more, having to make a purposeful effort to save, by coming in with the passbook to make the deposits, helps kids develop lifelong savings habits.
CBL offers families a special passbook just for this purpose – the Kids Count Savings Account. The opening deposit is $10, and comes with a Kids Count Passbook and a free piggy bank.
Many CBL customers have made it a regular family event to come in with their children or grandchildren and make a deposit into the Kids Count Account. It is a fun and rewarding way to create memories and pass down the importance of savings.
Learn more about CBL’s Kids Count Savings Accounts here.
• Citizens Building & Loan, at 229 Trade Street, has been serving the mortgage lending and savings needs of Greer and the surrounding communities since 1907.