Proud to assist on all their goals. See inside for a chance to Win Big and get your kids a Signing Bonus!

Transcription

1 Proud to assist on all their goals. Children s Savings Playbook See inside for a chance to Win Big and get your kids a Signing Bonus!

2 We love hockey as much as you do! ATB Financial is committed to Albertans, supporting their communities, and to enriching their lives. As part of our community giving, we are proud to partner with Recreational Hockey Calgary to support young players, family members and fans, and foster their passion for hockey.

3 They save, they score As a parent, one of the most important things you can teach your children is money management. That means teaching them how to spend responsibly as well as how to save. Saving regularly is a lifelong skill that can help your child succeed. They save, they score. It s really that simple. You can t make it to the Pros in a day Just like the road to the big leagues, it s important to teach your kids that saving is a gradual, longterm process. They have to be dedicated to reach their goals. So where do you start? And what savings skills should your kids know to guarantee their success? This savings playbook helps you coach your children about the value of money and the importance of saving. We ve drawn up a few plays for them to practice and highlighted some of the equipment they need. We ve even included a nice signing bonus for them, as well as a chance to win tickets to a Calgary Flames home game for the whole team!

4 Plays Sometimes learning a new skill is all about getting in the game. The same goes for starting a savings strategy. Sure, your kids might be skating with chairs or starting with pennies, but the skills and the money grows as they do. The earlier they start, the more likely the skills they learn become habit.

5 Some great plays to get your kids into the game Get a bank account. Shoeboxes don t pay interest. Bank accounts do. Set up an account for your children to start the savings process. We ll tell you more about our accounts specifically designed to get kids started later on in this booklet. Give your children an allowance. Having their own money will teach them money management skills. And make them earn it. Tying their allowance to chores is a great way to show kids that money is earned. Set up a savings plan. Whether it s an automatic savings plan or taking a portion of your kids allowance to the bank every week or month, setting up a savings plan is a great way to turn the effort of saving into a no-brainer. Around 10-25% of their allowance is a good start. Help them set goals. Getting kids to save for something special that goes above and beyond what you might ordinarily buy for them, say a bike or designer jeans teaches them the importance and value of money. Plus, they ll not only think twice about whether the expense is worth it, they ll also value that item more if it comes from their own pocket. Match their funds. Kids love incentives. So why not give them an incentive to save? If they save 10% of their allowance, offer to match it. If they save 50% of their birthday or Christmas money, reward them by doubling it. ATB offers a program called MatchSave that makes matching funds super easy to do! Review their monthly statements with them. This is a great way to reconnect, see what progress is being made and show them how all their hard work is paying off. ATB accounts can be accessed online anytime, or download ATB s mobile app to review accounts on the go. Start saving for their future with an RESP. The costs for higher education keep getting higher and higher. Maximize your RESP investments and give your children the best shot at success with our all-star line-up of options.

6 Equipment Top of the line gear While it s a given that kids grow out of their hockey equipment seemingly overnight, at ATB they won t grow out of their accounts. In fact, they ll grow with them. Our Generation Account and Springboard Savings Account include features like: No monthly fees Easy transfers from one account to another Free access to ATBOnline and ATB Mobile Banking You may want to set your child up with both accounts the Generation Account for everyday banking and the Springboard Savings Account for longer term savings and higher interest!

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8 Generation Account Teach your children moneysmarts from an early age. Money, it s a fact of life. Children need to learn how to manage their money, and ATB s Generation Account is a good place to start. They will enjoy unlimited transactions with no monthly account fee. Encourage lifelong savings when they see their money grow!

9 Generation Account Ages Interest earned Monthly fee Interac etransfer ABM fees Check current rates at atb.com No monthly fee Two free then $1.50 each Free ABM transactions at any ATB branch in Alberta Other features Unlimited transactions (debit and credit) Free access to ATBOnline and ATB Mobile banking Unlimited telephone banking inquiries Visit atb.com/accounts for full account details.

10 Springboard Savings Account Actively save, with access to your money 24/7. No terms, no monthly fee, no fuss. ATB s high-interest savings account the Springboard Savings Account is the no-risk way to earn interest on your balance while having unconditional access to your funds. And you get one free debit or credit transaction per month. Actively save, and don t pay monthly fees what better way to make your child s money work for them? Springboard Savings Account Interest earned Monthly fee Over limit fees Interac etransfer ABM fees Check current rates at atb.com No monthly fee $5 each for in-branch withdrawals and transfers $5 each for cheques $5 each for electronic transactions (deposits are free) $1.50 each Free ABM transactions at any ATB branch in Alberta.

11 Other features One free debit per month Free electronic transfers to ATB Financial accounts 2 Free access to ATBOnline and ATB Mobile banking Unlimited telephone banking inquiries Visit atb.com/accounts for full account details.

12 MatchSave Now that s a spectacular save! Great saves are a big part of the game, and with MatchSave 3 you can help your kids get to their goals sooner! The MatchSave program is easy. Simply work with your child to set a savings goal, sign up (or have them sign up) to MatchSave to schedule contributions from their ATB bank account, and register yourself or another special someone to match your child s savings right from your own bank account. It s a fun and engaging way to help your child learn how to save. Completely free to use. Offers high interest on balances. Matchers can contribute from any Canadian bank account. Keeps you in the know by giving you and your junior saver access to an online savings dashboard and updates.

13 Learn more at MatchSave.com

14 Registered Education Savings Plan RESP Better equipped for the future You may not be able to help your children reach the scoreboard every game, but you can help them reach their career goals. In fact, with a Registered Education Savings Plan (RESP), you give them a better shot at success. At ATB, we not only advise you on how to best invest your RESP, but we also ensure you can: Get the most out of your investment by setting up an investment plan that fits your (or your children s) individual needs. Access free money from government grants, bonds, and saving plans to maximize your returns. ATB offers an all-star line-up of options to truly maximize your RESP investments. To make investing even easier, you can set up an automatic investing plan to maximize your growth every month. A pre-set amount is taken directly from your chequing account and deposited into your RESP account every month. Manage your RESP cash flow when your children start their post-secondary education.

15 Signing bonus We would love to give your all-star saver a boost an assist with a bonus to get them started. 1. Open a new Generation Account by March 31, Sign up with your junior saver at MatchSave.com using the promo code savingsplaybook. 3. Receive a $25 bonus into your child s account by April 30, Win big Hurry! Sign up for the Generation Account and MatchSave by February 19, 2016 and you ll also be entered to win: Grand Prize Tickets (up to 25) for your kid and their hockey team to attend a regular season Calgary Flames home game. One of two Secondary Prizes Each prize pack includes an autographed Mark Giordano Calgary Flames jersey and stick. 1 A child can open an ATB Generation Account on their own as long as they can sign or print their name. If account is for a child under the age of 12, ATB is required to collect parent s/ guardian s information. 2 Includes internal transfers made through ATB Online,, ABM, Telephone or ATB Mobile banking channels to an ATB account. 3 MatchSave is now open to savers under 18 who have an ATB account and a valid . Conditions apply. See MatchSave.com for complete details. 4 Conditions apply. Offer available at ATB Calgary locations only, and only to youth aged 18 and under who do not have an existing ATB account as of December 31, If customer has an existing ATB account, they can sign up for MatchSave using the promo code savingsplaybook to take advantage of a $10 bonus into their account. Contest entry and $25 bonus are processed after proof of account opening and MatchSave account opening is confirmed. Must be a player with Recreational Hockey Calgary to be eligible for the prize component. Offer expiry: March 31, Contest expiry: February 19, See your local Calgary branch for full details.

16 To score more information about ATB Financial s accounts, and take advantage of our Signing Bonus and Contest, drop by your local ATB Financial Calgary branch or agency, call our Customer Care Centre at , or visit atb.com/savingsplaybook Registered trademarks of Alberta Treasury Branches (01/16)