For me, that’s what I experienced as a 3rd grader in the later 50s.
We had a monthly?/biweekly? banking exercise with our kid accounts at the Erie County Savings Bank in the classroom.
[https://en.wikipedia.org/wiki/Erie_County_Savings_Bank]
The 50s had issues, but in general, as a kid, it was GREAT!
That is pretty cool history... :)