BANK ACTIVITIES AIM TO HELP KIDS SAVE; CITIBANK OFFERING KIDS' WEEK FUN, WITH TOURS, AND PROFIT, WITH $10 TO OPEN ACCOUNT.Byline: Sharon Cotal Staff Writer This is Kids' Week at the Santa Clarita Santa Clarita, city (1990 pop. 110,642), Los Angeles co., S Calif., suburb 30 mi (48 km) NW of downtown Los Angeles, on the Santa Clara River; inc. 1987. Situated in the Santa Clara valley and nearby canyons, Santa Clarita includes the former towns of Canyon Country, branch of Citibank, 19100 W. Soledad Road in Canyon Country. Throughout the week, the bank will have activities designed to teach kids how to save their money and be financially responsible. Plus, children who open savings accounts Savings Account A deposit account intended for funds that are expected to stay in for the short term. A savings account offers lower returns than the market rates. Notes: during December will receive $10 to jump-start their savings. It's never too early to start learning how to manage money, branch manager Martin Boghosian said. ``Citibank has done research and found that a lot of people have no training in handling their money. This event is to teach kids at an early age how to budget their finances,'' Boghosian said. ``We want to educate kids and help them to plan for the future. This is something that isn't taught in the schools, but it's something that people need to know.'' From 1 to 3 p.m. Saturday, kids can take a behind-the-scenes look at how the bank operates by taking a tour that includes going behind an ATM machine (Automatic Teller Machine machine) A banking terminal that accepts deposits and dispenses cash. ATMs are activated by inserting a cash or credit card that contains the user's account number and PIN on a magnetic stripe. to see how it works, looking at the teller TELLER. An officer in a bank or other institution. He is said to take that name from tallier, or one who kept a tally, because it is his duty to keep the accounts between the bank or other institution and its customers, or to make their accounts tally. stations and visiting the bank vault vault, ceiling over a room, formed in any one of a variety of curved shapes. Nature of Vaults A vault is generally composed of separate units of material, such as bricks, tiles, or blocks of stone, so shaped or cut that when assembled they form a . ``Kids really like to see the vault - they get really excited,'' Boghosian said. In addition to the tours, refreshments re·fresh·ment n. 1. The act of refreshing or the state of being refreshed. 2. Something, such as food or drink, that refreshes. 3. refreshments A snack or light meal and drinks. will be provided and there will be storytelling Storytelling Aesop semi-legendary fabulist of ancient Greece. [Gk. Lit.: Harvey, 10] Münchäusen Baron traveler grossly embellishes his experiences. [Ger. Lit. to educate young children on the importance of spending their money wisely. ``Through the stories, kids learn the difference between what they want and what they really need,'' Boghosian said. ``So instead of spending all their money on Pokemon cards, they might decide to put some money aside so that it will be there when they really need it.'' By the age of 5 to 7, kids form habits that will make them either spenders or savers. If kids learn how to manage money at an early age, then later in life they will have some financial responsibility and be more successful, Boghosian said. Children visiting Citibank for Kids' Week must be accompanied by a parent or guardian, and parents should bring the child's Social Security number to open an account. |
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