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Students start life savings at school

April 12, 2000

A school banking program begun eight years at one school now has 2,700 junior bankers who are saving $425,000, according to Dave Barnhart, vice president of marketing for Hagerstown Trust Co.

Tuesday was National Teach Children to Save Day and Barnhart said he thought it was a good opportunity to highlight a valuable service that teaches children the value of saving money.

"It develops good habits," Barnhart said. "The children really get into it."

Another benefit is the peer interaction since the program is not only for students but is run by students.

"It's very interesting to watch," Barnhart said. The children who serve as tellers have to apply for the job.

National Teach Children to Save Day is sponsored in the U.S. by the American Banking Association.

The school banking program in Washington County began at Pleasant Valley Elementary School in 1992.

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