Financial Literacy At The First Bank of Greenwich
April is Financial Literacy Month, a time dedicated to raising awareness and understanding of financial matters that impact our lives. At The First Bank of Greenwich, we believe financial literacy
is not just for adults—it’s crucial we teach our children these important lessons too. That’s why we are committed to educating the younger generation and equipping them with the knowledge they need to manage their finances responsibly.
The First Bank of Greenwich has hosted a series of engaging Financial Literacy programs tailored specifically for middle school and high school students. These programs focused on fundamental financial concepts such as budgeting, savings, credit scores, and responsible borrowing. Our goal is to ensure that young people are equipped with the skills they need to make informed financial decisions throughout their lives.
One of our standout initiatives is the Start to Save program, which encourages younger individuals to begin their savings journey early. Through this program, children as young as 6 can participate and learn the importance of setting financial goals and developing good saving habits. The First Bank of Greenwich will increase the child’s initial deposit by making a one-time $5.00 deposit and donating an additional $5.00 to that child’s school PTA if their PTA is a participant. Furthermore, there is no monthly charge or minimum average daily balance required to earn interest. In addition, every time the child makes a deposit, they can spin our “prize wheel”. This helps promote savings and encourages kids to visit the branch regularly and learn more about banking.
Additionally, our financial literacy efforts extend through our various products and services, designed to teach practical money management skills. The First Bank of Greenwich offers educational
resources and online tools to help customers improve their financial literacy. We also provide a range of accounts, including personal checking accounts, health savings accounts, pet savings accounts, and holiday club accounts.
As part of our commitment to financial education, we partnered with Greenlight, a leading financial technology company. Greenlight offers a suite of tools that empower parents to teach their children about money management in a hands-on and practical way. Through Greenlight, young users can gain valuable experience in budgeting, saving, giving and managing their own debit cards all under parental supervision. The Greenlight app allows parents to set spending limits, assign chores, and automate allowances, making it a comprehensive tool for financial education.
Greenlight’s debit card for kids and teens is designed to help them learn about financial responsibility in a safe and controlled environment. With real-time notifications and detailed spending reports, parents can monitor their children’s financial activities and provide guidance as needed. This hands-on approach ensures that children not only understand financial concepts but also practice them in their daily lives.
At The First Bank of Greenwich, our dedication to financial literacy is evident in everything we do. By empowering the next generation with essential financial knowledge, we are helping to build a stronger, more financially secure community.
Join us this Financial Literacy Month in making a difference. Let’s teach our children the value of financial literacy today for a brighter tomorrow.
For more information about our Financial Literacy Programs and the “Start to Save” initiative, visit our website or contact us today. Together, let’s make financial literacy a cornerstone of our children’s education.
