OSGOOD — Osgood Bank has announced the creation of a special account and program specifically designed for young savers. Osgood Bank’s Youth Savings Account and ‘Learn Well’ program will help young people learn both the value of saving and provide bonuses for academic achievement.
The Learn Well program will be included free of charge with all Osgood Bank youth savings accounts. Most existing Osgood Bank savings customers under the age of 18 will automatically qualify for the program. Letters will be sent to customers later this month providing details of the program and the youth savings account. No action will be required in most cases. The Learn Well program will provide the following financial incentives to K-12 student customers who attend public and parochial schools to earn good grades:
• Earn $2 for every A (or highest grade)
• Earn $1 for every B (or highest grade after highest)
Every June and July, students with a Youth Savings Account can bring their year-end report cards to any branch of Osgood Bank. The bank will credit up to $50 per student for “A” and “B” students directly into their youth savings accounts.
Mandy Ranly, Osgood Bank Branch Administrative Officer, who helped design the program, said, “At Osgood Bank, we strongly believe in teaching the value of saving and encourage good school results. These programs do both. We are proud to bring them to the children of our communities and to combine education with savings.
For questions regarding the new account or the Learn Well program, customers are encouraged to call the bank’s local call center at 419-582-2681, visit their local Osgood Bank branch, or send a message to www.osgoodbank.com. Visit www.OsgoodBank.com to learn more.
A local student presents her report card.