Financial responsibility doesn't come naturally. It's something that has to be learned, or even better, taught from a young age. Luckily, there is a lot you can do to help set your children up for long-term financial success – and North Country Savings Bank is here to help! From saving up for their college tuition to teaching them the importance of saving and spending responsibly, NCSB has the programs and expertise to put your children on a positive financial path.
Help your kids find financial success at every stage of their life with the following three financial solutions.
Start Saving From Day One
College isn't getting any more affordable, or any less important! Start saving for your child's college tuition from day one with a Money Market Advantage Account. Perfect for saving for long-term goals, this account is designed to help you set aside money and only spend it once the college acceptance letter comes in the mail. Start with a minimum deposit of $50, and make additional deposits at any time. Your balance will earn interest at a rate tiered to your account balance. The more you save, the more interest you'll earn! With no ATM access or check-writing authority, it's a great way to set aside money and forget about it until you really need it. You'll be glad you thought ahead, and your kids will certainly thank you when it comes time to enroll.
Get Into Modern Piggy Banking
At North Country Savings Bank, piggy banking has gotten a modern makeover. New to NCSB's offerings, the Startastic Savings Account is just for kids, and helps teach them the basics of making positive financial choices that will last a lifetime. Each Startastic account comes with three "piggy bank" compartments – savings, spending, and sharing money – to help kids understand how to budget their deposits. Children gain real-life experience by saving up for a special toy, setting aside spending money for family or school trips, and designating funds for charitable donations or treating friends to ice cream. Your son or daughter will work with you to set financial goals and work toward them, all the while building a strong foundation for future financial success.
Open Student Checking Accounts
You won't always be by their side to help them make wise financial decisions. But, before they leave the nest, you can make sure they have all the tools they need to be financially independent. North County Savings Bank Student Checking Accounts are perfect for the first few years away from home. ATMs with free withdrawals are available at Clarkson University, St. Lawrence University, SUNY Potsdam, and SUNY Canton, making it the perfect financial solution for students of the North Country. All your child needs to open an account is a $25 deposit, and you can co-sign on the account, giving you an easy way to send additional funds from home. Students can stay up-to-date on their balances with our complimentary online banking and mobile app, and they'll receive a monthly statement to keep them on track. Your college savings account got them to campus – let them take it from here!
Financial success is a life long journey. With a little help from North Country Savings Bank, you can help your children start on the right path and stay on course until they're ready to become financially independent.