CLOVERLY IN-SCHOOL BANKING PROGRAM RETURNS ON WEDNESDAYS!

This program gives students the opportunity to open a “Young Savers” account and participate in a savings program at the school. It aims to reinforce basic math skills, give children a sense of responsibility in handling money and emphasizes the importance of saving.

Banking days will now be on EVERY OTHER WEDNESDAY – see schedule:

Jan 26,

Feb 9,

Feb 23,

Mar 9,

Mar 23,

Apr 6,

May 4,

May 18,

June 1,

Each banking Wednesday, a representative from Sandy Spring Bank will be in the Media Center from 8:30 – 8:45 AM for teachers, staff, account custodians, and parents/guardians accompanying students. Students will then be invited to the media center for In-School Banking during morning announcements.

To open a “Young Savers” account for your child, please download the information sheet/application from the Cloverly PTA website or contact chairperson, Renee Chen, at davidandreneechen@yahoo.com.  Send the completed form and initial deposit with your child to school on a Banking Day Wednesday and have them bring it to the media center.

The minimum opening deposit is $10.00 with a $0.50 minimum deposit thereafter. All students who open accounts will receive a Sandy Dog’s Savings Club kit containing deposit  slips, coin holders, and a Sandy Dog’s Savings Club Savings Passbook. Students with existing accounts can start bringing deposits for thsoe same accounts.

Once completed applications are received by the bank representative, account custodians will receive a “signature card” in the mail. The signature card needs to be signed and sent back to Sandy Spring Bank as soon as possible in the postage paid envelope provided. Until the signature card is received, all deposits are held at the bank in a safe.  The bank will officially open the account, and deposits will begin earning interest once the signature card is received.

General questions about In-School Banking at Cloverly can be directed to Renee Chen at davidandreneechen@yahoo.com. Questions regarding individual accounts should be directed to Sandy Spring Bank at 301-774-6400.

Click here to download the application in PDF format

Click here to download the application in .jpg format