School Savings™ creates new relationships with local families. Seventy-three (73) percent of School Saver households are new to the sponsor financial institution.

Parent volunteers contribute by collecting and transporting student deposits to the local branch.


School Savings' U.S. Department of Education approval makes acceptance by schools automatic. School Savings™ is the ONLY USDOE-approved school banking program.

School Savings™ is a “mortgage incubator.” Growing families need larger homes. More than twenty (20) percent of School Saver parents acquiring a mortgage selected their School Savings sponsor for their loan. Cross-over sales to parents average 4.63 products with checking, savings accounts and loans leading the way.

Hand posting is eliminated because School Savings' iDebit™ technology processes student deposits directly through the Federal Reserve Bank.

Financial institutions receive Community Reinvestment Act (CRA) credit for School Savings™ programs in low income schools when renewing their license with the FDIC.


  • The Whitehouse
  • U.S. Department of Education
  • American Bankers Association
  • Federal Reserve Bank
  • National School Directors Association
  • National Association of State Treasurers
  • Community Bankers Association
  • 24 State Treasurers
  • 40 State Bankers Associations
  • National Elementary School Principals Association