Illinois Bank & Trust
Student Banking

More than just student-friendly checking and savings accounts, we’ll even pay for good grades!

Student banking done right.

We offer low balance accounts to make it easy to learn the valuable skill and importance of saving. Illinois Bank & Trust’s goal is to promote saving and financial responsibility while making it fun and exciting! Stop by or call a banking center today for more information and to get started.

FREE CHECKING WITH eSTATEMENTS

Unlimited check writing, Online/Mobile Banking, Visa Debit Card and more. Designed for those who prefer ease and simplicity in banking.

$0

Minumum Balance

$25 minimum deposit to open

SMALL FORTUNE SAVINGS

Watch your savings grow with an opening deposit as low as $5. And with a $0 maintenance fee learning to save has never been easier.

0.01% APY

on All Balances1

$5 minimum deposit to open

 

Hardworking students (K-12) will be paid once a year when their report card is presented2. Payments will be deposited into the student’s Illinois Bank & Trust savings or Free Checking with eStatements account. The report card must be presented by the first day of the following school year.

 

Pay 4 Grades Chart


SuperStar Club

Available to children ages 0-12 who open new savings accounts or who already have savings accounts with Illinois Bank & Trust. Benefits include:

  • Savings account with passbook
  • Once per calendar quarter, bring in the full star piggy bank, and we’ll give you four quarters to start saving again!
  • Pick a prize every time you make a deposit
  • Contests and other fun activities throughout the year
  • Birthday card with gift

These interest rates and annual percentage yields (APY) are accurate as of: 08/05/2020. The rates and terms may change after the account is opened. Account fees could reduce earnings. Truth in Savings Disclosures are available upon request. $0.01 minimum balance to obtain APY.

Up to a maximum payout of $30. There is no minimum balance required to obtain bonus. This can only be earned once per year. Minimum deposit to open Free Checking with eStatements is $25.00. Must be enrolled in eStatements to avoid $3.00 paper statement fee. Minimum balances to open a savings varies by product selected. For example, our Passbook Savings pays 0.01% APY (Annual Percentage Yield) and requires $100.00 to open. APY is accurate as of 08/05/2020. Other savings accounts are available, the APY vary based on the account opened and vary by region. The rate and terms may change after the account is open, fees may reduce earnings. Program guidelines may change without notice. An IRS form may be issued. Students (K-12) will be paid once a year when their report card is presented. Payments will be deposited into the student’s Illinois Bank & Trust savings or Free Checking with eStatement account. The report card must be presented by the first day of the following school year.