Turn Saving Money Into a Habit
Teaching kids the value of savings is one of the most important things we do at Happy State Bank! We believe that establishing good saving habits early sets them up for success as adults.
Our bankers enjoy working with schools across Texas to get kids excited about saving. In fact, Kids Bank now operates in over 30 schools and has been recognized by the Texas State Board of Education.
Making Finances Fun
Whether your child is working toward saving for a bike, a horse or college tuition, they’ll learn what it takes to meet their financial goals – and how it feels to reach them. The process sets them up for a lifetime of responsible financial decisions so they can thrive for decades to come.
Raising saving-savvy kids.
When your child opens their Happy State Bank Kids Bank savings account, they are beginning a habit that will keep them HAPPY for the rest of their lives.
Sure, you save money so you can buy fun stuff. The pride your kid will feel once they see what they can get with that saved money is a great learning moment.
It’s tough not to spend everything in the bank, but teaching your kids to have emergency money available is essential. Accidents happen, it’s best to be prepared.
What better way to teach your kids to share than with their hard-earned money? Instilling a giving nature in your kid early on will help them continue that habit through adulthood.
Questions? We're here to help.
Yes. Your child will be assigned an account number as the account is opened at Happy State Bank. This account can only be opened in the child and co-owner’s name (parent/grandparent/guardian). To be an owner of an account, the bank has 5 requirements with no exceptions: name, social security number, date of birth, physical and mailing address, and a valid photo identification.
- No service charge and unlimited transactions
- Open an account with any amount – only one account per child
- No minimum balance required
- Pays interest accrued daily and compounded and paid quarterly
- Deposits can be made by child or co-owner at any Happy State Bank or at school when the School Savings Bank is open (co-owner payroll checks, insurance checks, tax refunds and similar instruments cannot be accepted)
- Withdrawals can be made by child or co-owner at any Happy State Bank location
Money doesn’t grow on trees, but it sure can grow like one. Let’s use a few examples of how this can work for your child.
If you work and receive $2 a week for your allowance, after one year you will have $104!
Let’s say you save that $2 a week starting at the age of 10. By age 18, you’ll have over $800. Don’t spend it all in one place!
More than 30 schools from around the state participate in the Kids Bank program. We’re always looking to grow that list. Check out a few of our participants, and let us know how we can bring the Kids Bank program to your school.