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Saving Is Fun
Money can be used in many ways. You can use it to buy things you
want or you can save it for the future. Are you saving for
something special? It is never too early to start saving money.
Sometimes you might want to buy something that costs more than the
amount of money you have. You will need to plan ahead and save
enough money to purchase these things.
Iowa State Bank can help you save. You can open a savings
account with $10.00. Your parents will need to help you do this.
Once your money is in the bank it is very safe. Banks are insured
so if something happens to the bank your money will still be safe.
When you save your money that you earn, you can take it to the
bank and put it into your account. Once you open your account, you
will get a savings passbook. This book keeps track of how much
money you have at the bank. This is called your account balance. A
deposit is the money you put into the bank and the money you take
out is called a withdrawal.
The bank will pay you interest on the amount of money you
deposit. This way your money will grow fast. The more money you
put into your account, the more interest you will earn.
What can you do to save extra money? Ask your parents if there
are extra jobs around the house or neighborhood that you can do to
earn an allowance. An allowance is money paid on a regular basis
for doing certain chores. Before you buy something decide if it is
something you really need.
You can do it! Try to save half of the money that you earn and
watch your savings grow!
Kids Savings Calculator
50 State Quarters Program
Children's Privacy Policy
Protecting Children - Iowa State Bank does not knowingly solicit
data from children, and we do not knowingly conduct online
marketing to children. We recognize that protecting children's
identities and privacy online is important and that the
responsibility to do so rests with both the online industry and
with parents. If you believe Iowa State Bank has misused
information obtained through this web site, or if you have
questions or concerns regarding this privacy policy, please
contact Janet Lehman, Security Officer or Marsha Kephart,
Compliance Officer at 515-288-0111 to resolve any disputes.
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