FOR IMMEDIATE RELEASE
Contact: School Savings™ | support@schoolsavings.com
Kansas Students More Than Double Their Savings — Up 120% Year Over Year
Two Kansas Community Banks Help 347 K–8 Students Surge from $24,700 to $54,300 in School Savings
KANSAS — May 3, 2026 — School Savings™, the nation's only U.S. Department of Education-evaluated and approved in-school banking program, today announced a remarkable savings milestone for Kansas students. Combined student savings across two participating Kansas banks have grown from $24,700 in the 2024–2025 school year to $54,300 so far in the 2025–2026 school year — a 120% increase — with months still remaining in the current school year.
The achievement reflects the growing momentum of the School Savings™ program through two Kansas community banking partners: Centera Bank and First National Bank of Cimarron.
| Bank | Students | 2024–25 Savings | 2025–26 Savings (to date) | Increase |
|---|---|---|---|---|
| Centera Bank | 120 | $13,000 | $22,000 | +69% |
| First National Bank of Cimarron | 227 | $11,700 | $32,300 | +176% |
| Combined Total | 347 | $24,700 | $54,300 | +120% |
Banking takes place once a week at school, coordinated by dedicated parent volunteers. Students are rewarded not for the amount they save, but for the number of times they save — instilling consistent saving habits regardless of a family's economic circumstances. All student deposits are FDIC-insured through School Savings™, which has served as a processor for the Federal Reserve Bank since 1996.
"Saving is the first step to financial literacy," said National Distribution Director, School Savings™. "A 120% increase in savings in a single year is extraordinary. It tells us that when children are given the opportunity and encouragement to save at school, they rise to the occasion — and so do their families. Centera Bank and First National Bank of Cimarron are making a lasting difference in their Kansas communities."
"Participating in the School Savings™ program has been one of the most rewarding partnerships our bank has formed," said a representative from the participating banks. "Watching students take ownership of their savings week after week, and seeing those numbers more than double in a single year, is proof that this program works. We couldn't be prouder of our students."
About School Savings™
Founded in 1982, School Savings™ has partnered with 300+ banks and credit unions, reached 7,000+ schools, and helped more than 3,000,000 students learn to save. The program is the only school banking initiative evaluated and approved by the U.S. Department of Education for use in grades K–8 public and private schools across the United States. School Savings™ processes student deposits electronically through the Federal Reserve Bank, ensuring accuracy, security, and FDIC insurance for every student account.
Bring School Savings™ to Your Community
Is your bank or credit union looking for a meaningful way to invest in the next generation of customers and strengthen ties to your local schools? School Savings™ is actively seeking financial institution partners to sponsor school banking programs in communities across the country.