Youth Achievement Savings Account

How would your student feel about receiving cash rewards for good grades and perfect attendance? Now they can, with the Flanagan Youth Achievement Savings Account. Each semester students can present their latest report card and rack up the rewards—$5 for each A, up to $25 a semester, with a possible $25 bonus for perfect attendance.

Contact us or visit your nearest location to open a Youth Achievement Savings Account!


How to Qualify

The student must be enrolled in third through twelfth grade. Student’s parent or guardian must have an active deposit account at Flanagan in order for the student to qualify. The parent may be on the YAA, but is not required. Homeschool students are eligible.

The student must present their latest semester report card and will receive $5 for each A or equivalent A, up to a max of $25 per card. Report card should be presented within 30 days of issue date. Report cards can be emailed to One report card per semester. For students on a trimester school schedule, first and third trimester report cards will be accepted. No back dating or rewards for previous report cards.

At the end of each semester, students who have documented perfect attendance on their semester report card will receive a bonus reward deposit of $25, for a max of $50 per school year. Perfect attendance is defined as having no absences, excused or unexcused. Rewards will be posted to the Youth Achievement Accounts on the last business day in either February or July, depending on the semester on the report card. Rewards subject to change.



Limit one Youth Achievement Account per student. If a student closes their Youth Achievement Account, they are not permitted to open another within the Flanagan State Bank system again. For Personal Use Only – no business accounts. Withdrawals are limited to the months of May and August each year. The max reward per semester report card is $25, twice a year, and $25 each semester for perfect attendance. Student must have a parent or guardian with an active deposit account at Flanagan State Bank in order to open their Youth Achievement Account. In order to continue to be eligible for rewards the guardian/parent of the account holder has to maintain an open and active deposit account at Flanagan State Bank. If a guardian/parent of the account holder no longer has an open and active deposit account with Flanagan State Bank rewards will not be paid and the account will be converted to a basic savings account by Flanagan State Bank.



A rewards deposit savings account specifically created to acknowledge good grades and perfect attendance for youth in 3rd-12th grade. Must meet certain qualifications to receive rewards, which are paid once a semester, and withdrawals are limited. No monthly service fee, no minimum balance requirement. See Current Rate Sheet  for interest paid on the account balance. Rates subject to change.


Open a student savings account in Central Illinois!

At Flanagan State Bank, we believe we’re one family helping another. As our customer, you can expect to feel valued by a bank that strives to be an asset to our communities and to treat everyone like they matter–because you do. That’s why we love to celebrate our students’ academic achievements! Contact us or visit your nearest location to open a new youth savings account today!

Current Rates

Rates effective as of 08/22/2023.
*APY = Annual Percentage Yield
**Interest rate is variable and may change after the account is opened.
See account disclosures for additional account information.

PLEASE NOTE:  APY assumes interest remains on deposit.  A withdrawal or fees could reduce earnings.  A penalty will be imposed for early withdrawal.  Rate changes are made at the Bank’s discretion.  Rates are subject to change without notice.

Savings Accounts

TypeMinimum Deposit to OpenVariable Interest RateAPY*Interest FrequencyEarly Withdrawal Penalty
Regular Savings**$50.000.05%0.05%Quarterlynone
Youth Achievement Account**$0.000.25%0.25%Quarterlynone

Rates may change after account is opened.