Elementary & Middle Schools

Country Bank supports financial products and financial Literacy through our fun and educational programs designed for students of all ages.

Financial Literacy

We have a variety of programs to fit the needs of students from grades PreK-12. These programs, along with our customized programs, educate students on the importance of Financial Literacy.

We all know how important it is to start saving early, but sometimes; this is the last thing on our youth’s mind. We live in a society where it is very easy to spend your money rather than save it. We are here to help! Our Savings Makes Sense, School Banking Program, is offered to 29 local schools. Students are able to save money, right at school, and earn incentives for participating in our program. Remember, any dollar amount is accepted and even the smallest amounts can add up to big dreams. 

▶ Savings Makes Sense

Financial Products

If your child’s/grandchild's school does not participate in one of our Financial Literacy Programs, we have options available to help them reach their goals as well. Please see below.

Account Type Benefits
It's a great way to start saving, for every member of your family.  There are no monthly maintenance fees, making it easy to save! Can be owned singularly or jointly
Certificates of Deposit

View our rates!
Certificates of Deposit are a secure investment with a specific term and a guaranteed rate of return. Terms range from 30 days to five years. We also offer special promotional CDs from time to time. A minor may have a savings or certificate of deposit account in his/her name, but he/she still cannot legally be bound by a collateral loan contract until he/she reaches age 18

Additional Features

  • ATM or Debit Card: A minor may have an ATM or Debit card as long as you (the parent/ legal guardian) sign as the responsible party

Additional Services Available:


  • On accounts owned singularly or jointly by a minor, deposits and withdrawals are allowed without requiring permission from you (the parent/legal guardian). If you (the parent) wish to eliminate their ability to withdraw, you may want to consider opening a Totten Trust account with the minor as beneficiary.
  • If a minor owns an account jointly, only the account owners can withdraw from the account. You (the parent) have no right to the funds unless you are a joint account holder.  You (the parent) may come in with the minor, and then we would allow the minor to withdraw.
  • If a minor owns an account singularly and you (the parent) come in wishing to withdraw from the minor’s account, you must prove that you are the parent or legal guardian.

Uniform Transfer to Minors Act (UTMA) The Uniform Transfer to Minors Act is a state law that allows an adult (Custodian) to make an irrevocable gift to a minor. The Custodian is obligated by law to use the money for the sole benefit of the minor, and when the minor reaches age 21 the custodian must turn the money over to the minor. Prior to January 1, 1987, the law stated that the funds must be given to the minor at age 18. Only the custodian can transact business on the account and signs a final withdrawal or transfer slip when the funds are given to the child at age 21. There can only be one custodian and one minor assigned to an account. If the minor dies before the age of 21, the money belongs to the minor’s estate.

In the event that the custodian dies, a successor custodian must be appointed by the Court. The Successor Custodian is not automatically the parent/guardian of the minor.

Totten Trust Also known as an “Informal Trust” or “Unwritten Trust.” These trusts may be set up with one or two trustees, for the benefit of one party (the beneficiary). The trustees have legal title to the money and if more than one, either trustee or the survivor trustee may withdraw funds and transact business on the account. Until death of the trustee(s), the beneficiary has no right to withdraw funds from the account. Upon the death of all the trustees, the beneficiary may then closeout the account, even if the Personal Representative is looking for the money to settle the estate. The money is still part of the deceased estate for tax purposes.



Country Bank is a full-service, mutual savings bank with 14 branch locations helping the families and businesses of central and western Massachusetts. For the

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