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Learn to manage money and prepare for the cost of higher education

1. Become a "Star Saver"

Learning to save money in your teens and college years is an excellent habit that will train you to be a good money manager for the rest of your life.  Set goals for your money and start saving NOW.  Goals like purchasing your first car or saving for college. If you have no immediate goals, your goal can be to have a “money cushion” for when
that important need for cash occurs.

2.Texas Star Bank offers savings accounts specifically designed for minors:

Minor Savings--Designed for children and young adults under the age of 18, this account has no service  fee and no minimum balance, and with an initial deposit of $25, can be a fun way to teach kids and grandkids about money management.

3. Start a Checking Account

A checking account provides a means to learn how to responsibly handle cash, make smart financial decisions and keep track of your spending records.  Whether you use a debit card or paper checks, your checking account can help you manage your budget, including paying your bills using our convenient online bill pay and access to your account 24/7 with online banking or Star X-press our phone banking system.   With these good habits, you can start building a good credit reputation NOW.    

Free Checking - A great no frills account that has no maintenance charge, offering check writing privileges plus the added convenience of a VISA Check Card to qualified customers. Add online banking, Bill Pay and access to statements online to create a convenient account for your fast past life.

4. Basic Checking

Basic offers just that with a minimal fee of $2.50 per month regardless of your balance and offers check writing or debit card transaction of 10 per month but comes with printed statements with check images and a notebook to keep you organized.

5. Plan in Advance for College

It’s never too early for pre-college students and their families to identify and earmark the financial resources they have available to fund a college education—whether from savings, loans, grants, scholarships or work income.  

Here are some sources to help you and your parents plan how you will finance a higher education:

College Savings Plans – Texas Star Bank offers several options to help you fund the cost of higher education. It’s OK to start small, but start now with a college savings plan that both you and your parents can contribute to:

  • Certificates of Deposit (CDs) - CDs can be purchased for as little as $1,000! We offer CDs to individuals or organizations who wish to safely invest their money for a given period of time. Our interest rates are very competitive and are determined by the dollar amount you're investing and the length of time you plan to invest your money. CDs are available for different periods of time ranging from 90 days to 5 years. Penalties apply for early withdrawal of funds. Contact a member of our staff for additional information.
  • Savings - Our regular savings account offers competitive quarterly interest and access to your funds with the Texas Star Bank ATM Card. You can get started on the savings road with as little as $100 as your initial deposit, but to avoid a service fee maintain $250 minimum daily balance. You will receive a statement every quarter to keep up with your saving progress.

Federal Financial Aid for Higher Education (FAFSA)  –  All college applicants and their parents or  guardians should become familiar with the most recent FAFSA guidelines and deadlines which can  be found at fafsa.ed.gov.  Applications for federal student aid may also be available from your high school counselors, public library or college financial aid office.



  • Set savings goals and keep track of your progress.
  • If you have a job, don't spend everything you make.
  • Record ALL your transactions daily for your checking and savings accounts, whether they are made with debit or credit cards or paper checks and deposit slips.
  • Know your account details such as overdraft charges, interest rates, withdrawal restrictions, minimum balances, etc.


For help determining the best accounts and products for sound and productive money management during your Student Lifestage, please contact us at 903-482-5234 or visit your local banker at your local branch.