Congratulations To Our 2020 Scholarship Winners!
Charter Oak received nearly 200 applications for our 2020 Community Giving Scholarship Program.
After a very competitive selection process, we’re proud to announce that we’ve awarded 45 individual $2,000 scholarships as well as two employee-funded Community Outreach Scholarships for $2,000 each to an impressive group of students in New London and Windham counties who showed a strong commitment to their academic studies and to their local communities.
Thank you to everyone who submitted their impressive applications to this year’s Charter Oak Scholarship Program. Follow-up letters with additional information have been sent to all the candidates.
Please note: Charter Oak awards scholarships on an annual basis and will begin accepting applications again in January 2021, when information and applications will be available on CharterOak.org.
OTHER STUDENT OPTIONS
Not only can we help ease the burden of college expenses by offering our scholarship program, but we can offer you a great option to save and smart ways to borrow!
Bright Future Savings Account: Earn 3.00% APY** on the first $2,000.00 of your balance! Now available to members between the age of 14 and 28! Learn more!
Student Lending Options via Sallie Mae: We are partnering with Sallie Mae to offer our members their Smart Option Student Loans. Find out more today!
**(APY = Annual Percentage Yield) The Bright Future Savings Account is a “Split Rate Tiered” account. You will earn the stated APY only for the account balance within each tier. 3.00% APY is paid on balances up to $2,000.00. Balances over $2,000.00 earn 0.25% APY. The account is a variable rate account and rates can change at any time. This account may only be opened by members between the ages of 14 and 28. After reaching age of 29, account will remain open at the discretion of the account holder. This offer can be withdrawn at any time. No minimum to open. Limit of one Bright Future Savings Account per Social Security number.
Charter Oak also gives back to the community by promoting financial education and awareness. Our two high school branches (located at Killingly High School in Dayville and Robert E. Fitch High School in Groton) employ students interested in careers in financial service, and encourage students to start saving for the future.