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Save For America
This is a program designed to teach students in grades K-12 basic principles of personal economics and help them practice the skills they have learned by participating in a school-based Internet banking program.
Bellevue, WA
Description: Save For America is a school-based savings program sponsored by a bank but run by adult volunteers. Its purpose is to reinstall the savings habit in America's youth.
* DEPOSIT PROCESS Students Bank at School: Bank day is before school once a week. To make a deposit, students bring their money and savings register on Bank Day. Using the internet and with adult supervision, students key in their deposit on the school's Macintosh or IBM computer. With a computer-generated receipt, a sticker, and the deposit recorded in their savings register, it's off to class for the new generation of savers!
Electronic Data Processing: Save for America converts the deposits into an account file through the Federal Reserve Bank. The bank does no Data processing.
* CLASSROOM STUDIES Program Materials: Making a deposit is not enough to firmly establish the savings habit in the minds of American children. A Save For America curriculum has been designed to teach children why saving is important, how to save, and the mechanics of saving. This U.S. Department of Education approved curriculum is designed for use by teachers or parents.
* INCENTIVES FOR SAVERS Each time students make a deposit of any amount they receive a Save for America sticker to remind them to save again!
Resource requirements: A sponsoring bank is required to implement the program.
Indications of effectivceness: Request a copy of the Program Effectiveness Panel report.
Service Costs: The bank pays all costs.
Address: 4095 173rd Place, S.E. Bellevue, WA 98008 Contact: Sherry Avena Phone: (425) 746-0331 Fax: (425) 562-8780 EMail: webmaster@schoolsavings.com.website:(www.schoolsavings.com) |
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