Glen Ridge Educational Foundation
BOILING SPRINGS SAVINGS BANK CAP PROGRAM
Each quarter, the Bank donates a percentage
of the total balance of participant accounts,
as designated by customers, to GREF. No
monies are withdrawn from the donors’ accounts; all donation dollars come directly from Boiling Springs and
participants names are never revealed.
GREF Trustees have participated in this program for more than a year and,
in fact, some have moved mortgages, at competitive rates, to Boiling Springs.
More accounts linked to GREF means more
money to benefit our schools. CAP Rewards
are based on the Average Daily Balance maintained by participants at the Annual
Rate of:
·
0.25% for Certificates
of Deposit, IRA CDs, Premium and Money Market Checking,
all Business Accounts
·
0.5% for Checking,
Savings, Money Market Savings Accounts
·
0.1% for Mortgages,
Home Equity Loans and Home Equity Lines of Credit
The Glen Ridge Educational Foundation supports
projects, large and small, across all our schools, grade levels, and
disciplines. We make possible a wide
range of school and teacher-initiated projects, e.g.: paper mache for art
projects, award winning books for classrooms, the Synergistics Lab, 3D printers
for engineering and robotics programs, professional development for teachers,
Chomebooks for every student in grades 7-12, and much, much more. These are all curriculum based innovative and creative programs our schools can not afford otherwise.
If you are already a Boiling Springs
customer, or become one, please support GREF by completing the form available HERE and dropping it off at Boiling Springs Savings Bank, located next to the train station
and across from the post office. For
more information, email theGREF@comcast.net, call Daniel Fragale, BSS Branch
Manager, at 973-387-8288 or just drop in.
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STIMULATE·INNOVATE·FACILITATE