We encourage young members to understand the value of money. A research project running since the 1970s found kids who were taught about saving, were more likely to have a decent pension in later life. Budgeting skills means less debt.
Introducing our young Savers Account
The account is available from birth to 16 years:
- Encourages regularly saving
- Watch savings grow
- Plan for the future
To become a young Saver
We need proof of their identity. A parent or guardian signature is required as they will hold the account in 'trust' for the junior.
We have gift vouchers that can be paid into a Young Saver Account. They make a great Christmas or birthday present. Contact us to find out more.
If you would like to set up a junior savers account or find out more, fill in this form.
Encouraging children to save
We have produced some tips for talking to children about money.
We partner with LifeSavers
We work with Just Finance Foundation to make sure more children have access to financial education from a young age. LifeSavers is a financial literacy programme that gives children the knowledge, skills and attitudes to manage their money wisely.
Research from the Money Advice Service finds that many habits around money are formed at primary school. Early intervention in financial education is critical to a child's behaviour and attitude towards money.
The LifeSavers programme is delivered free to schools. We work in partnership with LifeSavers and schools to offer advice on how to set up savings clubs, giving students practical experience of handling money.
Take a look here at the LifeSavers project to discover more, and see if your school would like to get involved.