How Parents Can Start Saving for Childcare

little kids play with toys at daycare

In today’s fast-paced world, managing daycare expenses can be a significant financial challenge for growing families. We at Academy Bank understand the struggle and have tailored our checking accounts with busy parents like you in mind. With our innovative Saving Cents program1, parents can take control of their finances and save efficiently for daycare while enjoying exclusive benefits from our Select Rewards Checking*+ account.

Effortless Daycare Savings with Academy Bank

At Academy Bank we understand the need to find good childcare options that don’t drain your funds. Our Saving Cents program, a user-friendly checking perk, is designed to simplify the savings process for parents. Whether you’re a first-time parent or managing multiple little ones, this program offers a structured approach to building your daycare fund.

What is the Saving Cents1 program and how does it work?

The Academy Bank Saving Cents program1 is a straightforward and convenient way to allocate funds for daycare. It doesn’t matter if you’re saving for a babysitter or preschool, we understand that finding ways to save for your little ones is your top priority.

1. Round Up Transactions

Choose the amount you want to round up with your debit card purchases using your Academy Bank checking account.* You can select from the nearest $1 to $5 increment. Each night, we automatically transfer the difference from your checking account into your designated Academy Bank savings account.*

2. Automatic Savings

By automating the savings process, you can watch your daycare fund grow steadily without any additional effort. It’s a seamless way to allocate funds for your child’s care.

3. Collect Interest

Your designated Academy Bank savings account accrues interest through the Saving Cents1 program, allowing your money to grow over time.

Why Should I Use the Savings Cents Program?

Saving for daycare expenses doesn’t have to feel daunting. With Academy Bank’s Saving Cents program1 and Select Rewards Checking account,*+ parents can take control of their finances and plan for childcare confidently. By automating savings, families can achieve their financial goals while prioritizing their children’s well-being. Experience the convenience and benefits of Academy Bank’s innovative banking solutions today and start saving for daycare the smart way.  

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1Choose from $1 to $5 increment to round up on your debit card purchases from your checking account.  Each night all the extra change will automatically transfer from your checking to your savings.

*Opening deposit required. Monthly service charge applies. Closing new accounts within 90 days of opening will result in a$20 early closure fee.

INSURANCE DISCLOSURE: Insurance products are NOT insured by FDIC or any Federal Government Agency; NOT a deposit of or guaranteed by the bank or any affiliate. Coverage is provided through the company named in the Guide to Benefit or on the certificate of insurance.