A great first step is the Little Patriot Savings Club. It’s more than just a savings account. Being an Independence Bank Little Patriot means being part of a community that promotes financial literacy and educates about saving, investing, responsible spending and giving back to the community. Not to mention, our Little Patriots get exclusive access to events throughout our communities.
Hear from one of our very own Little patriots about how it all got started!
To open an account, visit any of our Independence Bank locations.
- $10 minimum opening deposit
- Independence Bank will contribute $7.76 to make the opening balance $17.76
- For children up to 18-years-old
- No minimum balance required
- No monthly or quarterly service charge
- Up to six withdrawals per calendar month
- Interest compounded and credited quarterly
- Receive age-appropriate newsletters with fun activities and information for your little one
- Early invites to Bank events
Ready to help your child build a strong financial foundation?
Explore the Little Patriots program and start growing smart money habits today.
Financial Blog Posts for Little Patriots
Open Why Early Money Habits Stick for Life
Many children don’t learn money management in a formal way. There isn’t a dedicated class or checkpoint all children hit when they get to a certain age.
Financial literacy is usually learned when it applies at the time – dropping change into a jar, saving (or spending) recently received birthday money or learning what is a want and what is a need when it comes time to make a purchase.
These small learning experiences grow more and more familiar as time goes on and become easier to repeat.
Open Habits Equal Routines
Saving birthday money may kickstart the habit, but the routine continues to develop and branch out into other instances throughout the child’s life. It starts with saving money from birthdays or holidays, then is repeated when they start getting money from chores, random gifts, and even their first job. The more the decision of spending vs. saving is practiced, the more it is repeated and shapes their money management habits. And, it is not JUST about how much a child saves; it’s about how often. They will never achieve their goal of how much they want to save if they are not consistent. Consistency comes first, and then goals can be achieved.
Open Routines Lead to Confidence
Think about how often we make the same choices repeatedly. Routines establish feelings of ease, control, and stability and prepare us to repeat our actions. The earlier your child learns what to do with their money, the easier it will become for them to repeat these actions in the future! Remember, there is no perfect way to learn money management. Children will grow their own way, but a little influence and example on the front end can hopefully get them started on the right foot.
Indy’s Fun Corner
Indy the Eagle wants to share some fun activities you can do with your Little Patriots!
Indy the Eagle was designed by two Little Patriots, Jenna and Sophia! Both of their designs were transformed into our official mascot of the Little Patriots Savings Club, Indy the Eagle.