LITTLE VALLEY - For many years CCB (Cattaraugus County Bank) has offered children ages 5-18 years old an account called the CCBee Kid's Cash Club Savings Account. There is a gift for each child who opens an account and the club has activities for its members. There are no minimum deposit requirements and no service charges, no matter what the balance is. The CCBee Kid's Cash Club Savings Account pays interest based on the account balance and requires an initial deposit of $5 when the account is opened.
CCB is very pleased to announce the availability of a NEW type of account called the Saver Savings Account. The account focuses on children between the ages of 13 and 18. It operates similar to the Kids Cash Club, except that CCB's Youth Saver Savings Account offers a Youth Card as an add-on feature, with CCB covering the initial purchase fee. The parent (or an adult 18 or over) may purchase a Youth Card for a Youth Saver accountholder. After the first re-load a personalized card embossed with the Youth's name will be mailed at no additional charge. Either a parent or the Youth Saver may re-load the card.
Now, the accounts of children that are "Kids Club" members turning 13 will convert to "Youth Saver" and accounts of Youth Savers who turn 18 years of age will convert to a standard statement savings. New CCB customers between the ages of 13 and 18 are automatically enrolled as Youth Savers at CCB.
Employees at CCB know that teaching children the importance of saving money at an early age builds good saving habits for their adulthood. The club theme is fun for children that participate and the addition of the responsibility of a "youth card" seems appropriate for the young adult stage of their lives and CCB's program.
CCB is an FDIC insured New York State chartered independent, community bank. From January 2, 1902, CCB has established an unprecedented record of fiscal integrity and sound financial growth, which now totals over $185 million in assets. CCB maintains convenient ATMs and can be found on the web at www.ccblv.com. CCB is an equal housing lender. CCB's main office is located in Little Valley, with seven branch offices.