2 more schools open bank branches for students

The student banks are part of a district-wide effort to promote financial literacy through the hands-on experience of opening and contributing to a real-life savings account.

Students can choose to open a savings account after a parent or guardian signs a permission slip.

By opening an account at an early age, students get to watch their savings grow over their elementary career, Carter Lake Principal Doreen Knuth said.

There's lots of economic woes in our society, and there's always a cause for early literacy — and that includes early financial literacy.

The district hopes that by opening these student bank branches in schools that students like Nathan will learn the best way to buy things, like toys and games, is by learning how to save money.

Students really need to understand that at an early age because, if we can set them up with the right skills, then they'll practice financial literacy.