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School Banking Program

Financial responsibility can start early

Student making a deposit during the School Banking Program

School Banking Program

Since 2000, Watertown Savings Banks has offered local schools the Saving Makes Cents program. It gives students in grades 3-5 the opportunity to learn about the value of money and the importance of saving. 

Participating elementary schools include: 

  • Hosmer School, Watertown
  • Lowell School, Watertown

How it Works

  1. Each fall, Watertown Savings Bank employees make a presentation to 3rd grade classes and give students packets with the program information.
  2. WSB employees visit the school once a week during the school calendar year on “Banking Day”. They help students open accounts, help the student fill out the deposit ticket, collect deposits, and answer any questions the students may have. 
  3. Upon opening a Student Savings account, the student is provided with a zippered pouch to hold a register, along with a punch card, for tracking his/her deposits. 
  4. The bank employee then brings the deposits back to the bank to be entered into the students’ accounts.
  5. Account statements are mailed to the student's home each quarter with the deposit records and current balance information. eStatements are available through WSB Online.
  6. Students receive rewards for every 10 deposits made.
  7. Withdrawals can only be made at the local bank branch office and requires both the student and the parent/guardian to be present to sign for the withdrawal.

Once students enter 6th grade, they will need to make deposits at the bank. 

Get Started!

Contact Connie Braceland, VP Community Relations, for further information at 617-928-2338 or email at


WSB Offers Student Savings and Checking Accounts

Watertown Savings Bank wants to help students become better at saving and understanding their banking options. WSB offers Student Accounts to encourage financial responsibility. The Student savings and checking accounts carry no fees for students 18 years old and younger. Learn more about each account type: Student Savings Account (also known as Access Savings Account) and Student Checking Account (also known as Free Checking Account).


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