Saving money is important and a good habit to get into. Some kids save their money in a jar, in a piggy bank or even under their bed. The best place to save your "Bucks" is in a bank.

If you want to start saving your money in a bank, you need to open an account like the Univest Eaglet® Savings Account. When you visit the bank for the first time to open an account, a Univest employee will be happy to take you on a tour of the branch. They'll show you the vault where the money is stored and introduce you to the bank tellers who help you when you come into the bank. When you and your parent or guardian first opens an account, you will be assigned an account number and will be able to put money in or take it out as needed. Putting money in your account is called making a deposit. Taking money out of your account is known as making a withdrawal. You can only withdraw money if it is currently in your account. Monthly statements are issued to customers by banks to help individuals manage their finances.

When you save your money in a bank, the bank pays you interest. Interest is extra money that the bank puts in your account every month. Once the interest is added, it's yours to keep. The more money you keep in your account and the longer you keep it there, the more interest you'll earn. Buck thinks this is one of the best reasons to keep your money in the bank. He tries to make deposits throughout the year when he earns his allowance or receives birthday and holiday money.

Art work copyright (2012), Univest Corporation of Pennsylvania.