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Jewett City Savings Bank observes America Saves Week

aswlogoAs part of America Saves Week 2014, which takes place this year from February 24 through March 1, Jewett City Savings Bank hopes to encourage people to establish and reach their savings goals.

“Setting a goal, making a plan, and saving automatically is a great way to start,” said Kevin C. Merchant, president and CEO of Jewett City Savings Bank.

During America Saves Week, Jewett City Savings Bank will offer new savings accounts and waive the minimum balance service fee for six months, giving consumers time to achieve the minimum balance by saving just $8 per week. Those opening a new savings account for a minor will also receive a free piggy bank. New accounts can be opened at any Jewett City Savings Bank location.

“Fewer than half of Americans have good savings habits, and we hope these incentives will make people think more about the importance of saving, and realize the difference a successful savings habit can make,” said Merchant.

“The goal of America Saves Week is to change that statistic for the better.”

America Saves Week is coordinated by America Saves and the American Savings Education Council. Started in 2007, the Week is an annual opportunity for organizations to promote good savings behavior and a chance for individuals to assess their own saving status. Typically thousands of organizations across the country participate in the Week each year, reaching millions of people.