We are pleased to announce that the Children’s Savings Bank is open for business again for the new term. The scheme is designed to introduce pupils to the idea of saving their own pocket money up week by week, and at the end of the school year in July to have it paid back with interest in a lump sum.
School will contribute 50p for every £18 that is banked in each account – an interest rate better than most high street banks! A savings book will be issued so you and your child can keep track of how much has been paid into the account. The scheme is open to children in Reception to Year 6 every Tuesday morning at the school office, and deposits should be made in multiples of £1.00.
Important: As of this year we are limiting the total bankable amount each week to a £5.00.