Offering real world experience by operating a real bank in a K-8 school, using real money.

Teach students at a young age the value of saving.

A curricular driven program teaching about compound and simple interest, The Federal Reserve, banking jobs, budgeting, and the stock market.

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Established in 1995

 
 

Program Results

The Banking on Kids program was initiated in 1995 by Dr. Ed Anhalt. This program is designed to help teach elementary and/or middle school students (and their parents) to become better money managers.

The program allows local banks to help sponsor neighborhood elementary and middle schools by opening student-run banks within the school, and allowing students to create savings accounts which become interest bearing after they reach $10.00. Students in the upper grades are appointed officers of the bank, and the student-run bank is open once a week for monetary transactions.

Within five years of the program being in operation, the following results were found:

 

95%

of all students in the schools opened a savings account

 

90%

of students reach the required $10 within one school year,enabling them to start earning interest on their individual account



 
 

98%

of the students leaving the elementary school continue to conduct business with the bank when they enter their new middle or high school

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Teaching students to be fiscally prudent by operating "student-run banks" in their K-8th grade schools

 

Testimonials

 

“On January 27th 1995, a whole new world opened for me, and for elementary school children everywhere. The first Kids Own Bank was born. I really did not know what to expect from this venture. To my amazement and delight it was a huge success, as Wisconsin elementary school children were learning about banking and saving money. I had expected the bank to be busy for a few weeks and then die down, but what happened was just the opposite, it kept growing and growing..”

Associated Bank