Summer Savings Program

A hands-on summer savings experience that helps kids build lifelong money skills

School's Out. Smart Saving's In.

Our Summer Savings Program is built on the success of our School Savings Program, which has long helped students learn the value of saving throughout the school year. While our School Savings Program continues to be offered when school is in session, Summer Savings was created to keep that momentum going (or to help kids get started) during the summer months. This program gives children the opportunity to continue their savings journey, practice smart money habits, and build confidence with their finances even when school is out.

Participating in the Summer Savings Program

A representative from Sturgis Bank will visit your student's library (see participating library list below) on a designated Banking Day to accept deposits from students with savings accounts. Students don't need to make deposits weekly to participate in the program.

When students make a deposit, they'll receive a small prize and a punch on their reward punch card as an added incentive to keep saving. We'll log deposits into our savings books that are brought to the library, then take funds back to your nearest branch location and put them into student accounts.

Deposit Reward Structure:

Each deposit: Small prize
3 deposits: Piggy bank
6 deposits: Nutty the Squirrel plush
10 deposits: Super Saver Swag Bag

How to Open a School Savings Account

We've made it easy to help your student start saving.

VISIT us at one of our branch locations.
Make A MINIMUM DEPOSIT of $1.00.
Bring your student's SOCIAL SECURITY NUMBER and a COPY of their BIRTH CERTIFICATE.
The Parent/Guardian who will be on the account with the student will need a valid GOVERNMENT PICTURE ID and SOCIAL SECURITY NUMBER.

Because students younger than 18 years old are unable to legally open an account, we'll need a parent or guardian to sign account documents. You can transfer ownership when your student is 18.

Local Libraries in the Summer Savings Program

Lincoln Township Public Library - 2099 West John Beers Road, Stevensville, MI 49127
Summer Session: June 10-August 12 | Banking Day: Wednesdays 10am-11am

School Savings Account Features

$1.00 minimum deposit to open an account.
No minimum balance required.
Competitive variable interest rate on the entire balance.
Interest compounded and paid quarterly.
Quarterly statements/eStatements available.
No monthly service fee until the age of 18. When your student becomes a legal adult, the minimum balance on the account will become $100. A service fee of $2.00 will be added to the account if the balance falls below this minimum any day during the month.

Our School Savings Account will help your student set and achieve financial goals. With planned, consistent savings, your student will experience the pleasure of having funds available for a special purchase or a large expense like a car or college tuition. He or she will also see how money can grow with interest.

We make saving fun and easy for your student. To learn more about our School Savings Account at Sturgis Bank or the School Savings Program send us an email.