Durham Kids Save at Y.E. Smith Elementary is a children’s savings initiative that helps families begin saving for college and matches funds up to $100 per year through fifth grade.
Durham Kids Save at Y.E. Smith Elementary (also known as TIGERS SAVE) is a children’s savings initiative, created in partnership with the City of Durham, Durham Public Schools (DPS), East Durham Children’s Initiative (EDCI), Self-Help Credit Union, and the Corporation for Enterprise Development (CFED). Durham Kids Save is for elementary school students at Y.E. Smith Elementary School, beginning with kindergarten students in the 2015–16 school year.
Each eligible child will receive a special savings account containing an initial deposit of $100. Funds contributed during kindergarten through fifth grade will be matched dollar-for-dollar up to $100 each year, funds permitting. After fifth grade, students will be encouraged to keep the accounts open and make additional deposits, though deposits will no longer be matched. Funds received from savings in your Tigers Save account can be used toward any post-secondary education expense, including tuition, books, fees, room and board, and other college-related expenses. Post-secondary education includes two-year colleges, four-year colleges, and accredited training or vocational programs.