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Youth Achievement Savings Account

Reward your student for academic success! With the Flanagan Youth Achievement Savings Account, students in 3rd-12th grade can earn up to $25 per semester for good grades ($5 per A) and a $25 bonus for perfect attendance. Homeschool students are eligible. Parents or guardians must have an active account at Flanagan State Bank.

Current Rates

Rates may change after account is opened.

Rates effective as of 07/18/2024.
*APY = Annual Percentage Yield
**Interest rate is variable and may change after the account is opened.
See account disclosures for additional account information.

PLEASE NOTE:  APY assumes interest remains on deposit.  A withdrawal or fees could reduce earnings.  A penalty will be imposed for early withdrawal.  Rate changes are made at the Bank’s discretion.  Rates are subject to change without notice.

Type Minimum Deposit to Open Variable Interest Rate APY* Interest Frequency Early Withdrawal Penalty
Type
Regular Savings**
Minimum Deposit to Open
$50.00
Variable Interest Rate
0.05%
APY*
0.05%
Interest Frequency
Quarterly
Early Withdrawal Penalty
none
Type
Youth Achievement Account**
Minimum Deposit to Open
$0.00
Variable Interest Rate
0.25%
APY*
0.25%
Interest Frequency
Quarterly
Early Withdrawal Penalty
none
How to Qualify
  • Submit report cards by February 1st or July 1st for rewards.
  • $5 per A, up to $25 per semester.
  • Perfect attendance bonus: $25 per semester.
  • Report cards can be emailed to yaa@flanaganstatebank.com.
Limitations
  • One account per student.
  • Withdrawals allowed only in May and August.
  • Max reward per semester: $25 for grades and $25 for attendance.
  • A parent or guardian must maintain an active account for continued eligibility.
Summary

The Youth Achievement Savings Account recognizes student accomplishments with rewards for grades and attendance. No monthly fees, no minimum balance. Contact us or visit a branch to open an account today.