Your Child's Financial Journey Starts Here
Does your child have their very own child savings account yet? Introducing them to the concept of saving money at a young age is a valuable life lesson. With Peoples Little Perks, we make saving not just a responsibility, but an exciting journey! Each member of Peoples Little Perks will not only learn the importance of saving money but also have the thrill of choosing a PERK Prize as a reward for their efforts.
Kickstart your child's financial journey today! It's simple and straightforward.
About Peoples Little Perks Child Savings Account
When you join Peoples Little Perks, your child will receive a welcome gift and a stamp card to start their savings adventure. Opening an account requires only $25! For each deposit of $10.00 or more, your child will earn a stamp. If the deposit is made in the month of the child's birthday, they earn double stamps! Plus, they'll receive a birthday coupon from a local restaurant to celebrate their special day.
Once the stamp card is full, your child can choose a little PERK Prize or save multiple stamp cards to pick out a larger PERK Prize!
Benefits of a Child Savings Account
A child savings account like Peoples Little Perks helps your child develop good money habits from a young age. It provides a secure place to store the money gifts your child receives on birthdays and holidays. The promise of earning a PERK Prize motivates them to save. They can see the interest earned on their deposits, understanding how their savings grow over time. These savings can be used for significant future expenses, such as college fees or buying a first house.
Open a Peoples Little Perks Child Savings Account Today!
As your community bank, Peoples Bank is committed to promoting financial literacy among local youth. We're here to help your child learn how to save and manage money wisely. Open a Peoples Little Perks child savings account at one of our 10 locations in Northwest Iowa, Southwest Minnesota, and Southeast South Dakota.
Open to all children 12 years and younger. Child must be accompanied by an adult 18+ to open account. Applies to a new or existing Peoples Bank Savings Account. APY (Annual Percentage Yield) = 0.50%. Rates effective 11/26/24 and are subject to change without notice. Only $25 required to open account. Minimum $100 daily ledger balance is waived for this age group. Members must make deposits in person.
Birthday coupon good for a local restaurant coupon for one deposit made during the month of the child’s birthday; restaurant coupons vary by bank location.
Maximum of one stamp on stamp card per week per account. PERK Prize will be given to child when child hands in one full stamp card for the prize or when child hands in two full stamp cards for larger PERK Prize. Full stamp cards must be redeemed before the child turns 13 years of age.
Online & Mobile Banking
Do all your banking from your laptop, tablet or smartphone. Online & Mobile Banking makes it easier than ever!