School Savings™ creates new relationships with local
families. Seventy-three (73) percent of School Saver households are new to the sponsor
Parent volunteers contribute by collecting and transporting student deposits to the
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
- 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