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Planters Bank ‘Go Savings’ program ideal for young savers

plantersbankAfter World War II, American households routinely saved 10 percent of their income. Today, reports boasting that household savings are up to the three-four percent range make headlines in new sources across the county.

“The credit craze of recent decades has ended, but with finances still tight and consumer confidence still low, people are looking for convenient and painless ways to save,” says Planters Bank President and CEO Elizabeth McCoy. Convenience is one of the reasons Planters introduced what it’s named a “Go Savings” account in November.

The first account of its kind from a community bank in the Clarksville-Hopkinsville market, Go Savings automatically transfers one dollar on every point-of-sale, or signaturebased, purchase with a Planters Bank check card.

“We’ve found that this product particularly appeals to young professionals and families with young children because they rely almost totally on their check cards for purchases, it’s automatic, and there’s no minimum balance to open the account,” says McCoy.

petcallsThose are the attributes that sold Dr. Harry and Dalia Markham, owners of Pet Calls Mobile Veterinary Clinic, Inc., and parents of two young children ages five and 20 months. “We really love the concept of this account,” says Dalia. “With business and personal expenses, it’s hard to save. We use our check cards everywhere, so this way, saving for the children is just one less thing we have to think about – it’s done automatically.”

The Markham’s expect to save an extra $400-$500 per year that can go toward college, a car, or whatever the children need when they’re older.

“This extra dollar each time is such a small amount that we don’t miss it,” she says. “But, it accumulates so fast and it will really sum up over time. It’s one fantastic way to save.”

Headquartered in Hopkinsville, Ky., Planters Bank maintains five offices in Clarksville and three in Hopkinsville. The bank is committed to delivering an exceptional banking experience by blending technological convenience with helpful customer service and personalized attention. For more information about the Go Savings account, or other banking services, call or visit any Planters Bank location, or visit www.plantersbankonline.com.

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