Availa Bank, headquartered in Carroll, recently provided funds for a program to help kindergartners in Hamilton County save for college. The program, called Availa Kares, provides area kindergarteners with a 529 college savings account already loaded with $100 and opportunities to add more.
Statistics show that students with a college savings account are seven times more likely to attend college than those who don’t have an account. Through this program, the Financial Literacy Council of Greater Hamilton County and Availa Bank are giving every student in the county a chance to further their education beyond high school while also teaching them about the importance of saving.
Availa Kares is a great example of how banks in Iowa are making extraordinary efforts to promoting financial literacy while also giving back to their communities.
Watch the video above to learn more.