How Growing Families Can Save For Daycare

a group of children enjoy story time at daycare

In the dynamic landscape of military life, one of the foremost financial challenges for service members and their families is allocating funds for daycare expenses. With the unique demands of military service, it is crucial to have reliable financial tools that can accommodate shifting schedules and unpredictable costs. Armed Forces Bank understands these challenges and offers its Saving Cents program1 and exclusive benefits through Access Rewards Checking*+ accounts to help busy parents save on childcare while they’re at work.

Navigating daycare costs with Armed Forces Bank

We recognize the diverse financial needs of military families, especially when it comes to covering daycare expenses. We have several tools to help our clients keep track of their finances. From savings calculators to our Saving Cents program1, we’ve designed tools to help provide practical support and peace of mind for growing families.

How does the Saving Cents1 program work?

Armed Forces Bank’s Saving Cents1 program offers a simple and effective way to save for daycare. Whether it’s after school programs or a nanny, we know it’s important to find more ways to save for your little ones.

1. Round Up Your Funds

Every time you use your Armed Forces Bank debit card for purchases, the Saving Cents program1 automatically rounds up transactions to the nearest $1 to $5. The spare change is then transferred seamlessly from your checking account* to your designated savings account.*

2. Automatic Transfers

You have enough on your mind. By automating the savings process, you can steadily build your daycare fund without the need for manual transfers or extra effort. This approach helps you stay on track with your financial goals, even amidst the demands of military life.

3. Accumulate Interest

Your Armed Forces savings account* can accrue interest with all the money being transferred into it due to the Saving Cents1 program. This feature can help your savings grow over time and maximize your efforts in preparing for daycare costs.

Why should I choose Armed Forces Bank?

Through accounts like Access Rewards Checking,*+ the Saving Cents1 program provide military families with a vital financial tool to navigate the challenges of daycare expenses with confidence and ease. By utilizing this innovative program, military personnel and their families can secure their financial stability and focus on what matters most: fulfilling their duties and nurturing their loved ones. Experience the support and reliability of Armed Forces Bank’s banking solutions today and embark on a journey towards greater financial security for your growing family.

Member FDIC

1Choose from $1 to $5 increment to round up on your debit card purchases from your checking account.  Each night all the extra change will automatically transfer from your checking to your savings.

*Opening deposit required. Monthly service charge applies. Closing new accounts within 90 days of opening will result in a$20 early closure fee.

Insurance Disclosure: Insurance products are NOT insured by FDIC or any Federal Government Agency: Not a deposit of or guaranteed by the bank or any bank affiliate. Coverage is provided through the company named in the Guide to Benefit on the certificate of insurance.