Printer-friendly versionPrinter-friendly versionMoney Smart

Money Smart offers Adults, Young Adults and Small Businesses a place to learn more about managing their finances. Read below for more information on the programs as well as the great products we have created to help guide you along.

Money Smart for Adults

The Money Smart for Adults instructor-led curriculum consists of eleven training modules that cover basic financial topics. Topics include a description of deposit and credit services offered by financial institutions, choosing and maintaining a checking account, spending plans, the importance of saving, how to obtain and use credit effectively, and the basics of building or repairing credit.

Money Smart for Young Adults

The FDIC’s Money Smart for Young Adults curriculum helps youth ages 12-20 learn the basics of handling their money and finances, including how to create positive relationships with financial institutions. Equipping young people in their formative years with the basics of financial education can give them the knowledge, skills, and confidence they need to manage their finances once they enter the real world.

Money Smart for Small Business

Money Smart for Small Business is a new instructor-led training curriculum developed jointly by FDIC and SBA. The 10 modules in this curriculum provide introductory training for new and aspiring entrepreneurs on the basics to organizing and managing a business. The topics for the training modules were selected as a result of focus groups and interviews with small business technical assistance practitioners. In addition to grounding participants in the basics, the curriculum serves as a foundation for more advanced training and technical assistance.

MONEY SMART CHECKING

  • Available to Money Smart Financial Training participants (1 session required). If the customer(s) is on ChexSystems and does not complete 1 session module the customer may open a Money Smart Savings Account
  • No minimum deposit to open
  • Debit or ATM Card with up to 6 free out-of-network ATM reimbursements each month1
  • Mobile debit alerts2
  • Dollar-A-Day Savings Service – automatically transfer $1 (or more) each day from your checking account to your savings account

   

1. The bank does not charge its customers a monthly card usage fee. No transaction charge at any ATM in the Allpoint, MoneyPass, or Sum surcharge–free networks. Other banks outside the network may impose ATM surcharges at their machines. Six (6) surcharge fees assessed by owners of other ATMs outside the network will be reimbursed per month. Reimbursement does not include the 1.10% International Service fee charged for certain foreign transactions conducted outside the continental United States.

2. Third party message, data, and/or internet service provider fees may apply.

MONEY SMART SAVINGS

  • No minimum deposit to open
  • Interest-bearing savings account
  • Debit or ATM card (with linked checking account) with up to 18 free out-of-network ATM reimbursements per quarter1
  • Transaction limitations will apply

 

1. The bank does not charge its customers a monthly card usage fee.  No transaction charge at any ATM in the Allpoint, MoneyPass, or Sum surcharge–free networks. Other banks outside the network may impose ATM surcharges at their machines. Eighteen (18) surcharge fees assessed by owners of other ATMs outside the network will be reimbursed per quarter. Reimbursement does not include the 1.10% International Service fee charged for certain foreign transactions conducted outside the continental United States.

 

MONEY SMART CD LOAN

You can take out a loan for as little as $500, or more based on the applicant’s ability to pay. Then use the borrowed funds to open a certificate of deposit (CD) for the same amount. Just make fixed monthly payments on the loan, and when the loan is paid off, the CD with earned interest is yours!

  • Interest rate on the loan is lower than most credit cards
  • Forced savings plan allows savings to remain in place
  • Helps you reestablish or rebuild your credit history
  • You’ll receive earned interest on the CD
  • No credit history necessary

EVERYDAY LOAN

 

The Everyday Loan is a fixed rate loan with a quick approval decision. Loans are available in amounts up to $2,500 and can be paid off in terms up to 24 months. Plus, our rates are lower than most credit cards or other fast-cash loans. So, when unexpected costs come out of nowhere, there's no need to panic.

 

LOAN
TERM
SAMPLE LOAN
AMOUNT
FIXED
RATE
CURRENT
% APR1
MONTHLY
REPAYMENT
12
MONTHS
$1,000 Prime + 5.00% 9.00% $87.45
24
MONTHS
$1,000 Prime + 5.00% 9.00% $45.68

1. The Annual Percentage Rate (APR) is a fixed rate that’s based on the Prime Rate reported in the Money Rates section of the Wall Street Journal (the “WSJ Prime”) plus a margin, at the time the loan is made. For example, on 5/8/17 the WSJ Prime was 4.00% resulting in the APR disclosed. See the bank for details. Applicant must meet underwriting guidelines. 5/2017