Reading is adding up to $1,231 in savings for fourth-graders at Moulton Extended Learning Center and Capitol View Elementary School in Des Moines, Iowa.
About 120 students will share in the money for their savings accounts as part of Bankers Trust's "Read to Save," a program promoting reading and financial literacy. "We think financial literacy is important at an earlier age, and I think there is more evidence of that every day," said Alex Orozco, vice president and community development officer for the Des Moines bank. "It's an overall service that schools in lower-income areas might need more help with."
For every book read during the school year, Bankers Trust deposits $1 in the student's savings account. In addition to motivating the youngsters to read, the bank also provides volunteers who talk with students about saving, budgeting and other smart money management lessons. To read more, visit The Des Moines Register
online.
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