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Farmers State Bank
FreedomBank

Meet Skyler! He helps kids
learn smart saving habits.
Skyler the kite mascot for FreedomSavers Kids Club


Helping kids learn smart money habits from the start.

FreedomSavers Kids Club is a savings program for kids 13 and under that teaches the basics of saving, goal setting, and smart spending. With help from Skyler the Kite, kids learn how money works while building confidence and good habits that last.


How to Join FreedomSavers Kids Club

Children can become a FreedomSavers Kids Club member by visiting any FreedomBank location with a parent or legal guardian.

Locations: Elkader, Monona, Postville, or Waukon

Accounts for children may be opened as a UTMA (Uniform Transfers to Minors Act) or a joint account with a parent or legal guardian.

Please contact FreedomBank for documentation requirements when opening an account.



Already Have a Savings Account at FreedomBank?

If your child is age 13 or under and already has a savings account at FreedomBank, stop in and talk with a Customer Service Representative about converting it to a FreedomSavers Kids Club account.


Why FreedomSavers?

Learning to Save, the Fun Way

FreedomSavers Kids Club helps kids:

  • Learn the difference between needs and wants
  • Practice counting money and saving regularly
  • Set goals and feel proud when they reach them
  • Build smart habits early with encouragement along the way
Skyler the kite holding a piggy bank for savings Skyler teaches kids how to save, spend smart, and reach their goals.

Kids Club Benefits:

Skyler with coins - Saving is more fun with encouragement along the way. Saving is more fun with encouragement along the way.

When you open a FreedomSavers Kids Club account, kids receive:

  • A piggy bank
  • Birthday recognition during their birthday month
  • Fun learning moments with Skyler throughout the year

Account Details

Opening & Deposits

  • Minimum opening balance: $10.00
  • Minimum deposit: $1.00
  • Unlimited deposits allowed

Interest

  • Interest is compounded daily and credited quarterly
  • Accrued interest will not be paid if the account is closed before the interest payment date
  • Please visit Deposit Rates for current rates.

Withdrawals

  • Minimum withdrawal: $1.00
  • Up to six debits per monthly statement cycle with no penalty
  • $5.00 fee for each withdrawal over six per month

Growing with Your Child

  • The FreedomSavers Kids Club account converts to a student savings account at age 14

Ready to Get Started?

Stop by any FreedomBank location with your child and open a FreedomSavers Kids Club account today. Skyler is ready to help your child start saving.

Skyler the kite pointing toward opening a kids savings account Start your FreedomSavers Kids Club account today!