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La Feria Elementary Starts Savings Account Program

School and bank officials making a pitch to join the savings plan. Photo: Tony Vindell/LFN

by Tony Vindell/LFN

A first-of-a-kind program to motivate parents and youngsters to save money has kicked off at La Feria C.E. Vail Elementary.

Kinder and first grade students were given a piggy bank shaped like a cowboy so they can start putting money away for future use.

Under a Cowboy Cash Savings Account, the goal is to have up to $50 at the end of a school year.

The program is being held with the participation of Lone State National Bank and another organization.

Veronica Torres, technology director with the school district, and Ida Prado, Family and Community Engagement coordinator, both said they could not stress enough the importance of saving.

“We are very excited about starting this new program, “Prado said, addressing students and parents who met Tuesday, Oct., 22 in the school gym. “We believe it’s very important that these students learn to save at an early age.”

Torres said the program is brand new and the first of its kind in Texas.

“It pays off,” she said, “saving a little bit a time.”

Roy Reyes, branch manager with LSNB on Ed Carey Drive in Harlingen, said a savings account can be opened with a minimum of $25.

“This is basically a minor’s account,” he said. “The goal is for them to have $50 at the end of a year.”

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