AS a child, saving is one of the smartest things you can do. That’s why Tameside Council is setting out to create a generation of smart savers by offering £10 to all youngsters entering Year 7 in September if they open a Smart Savers account with Cash Box Credit Union.
The move fulfils the 16 for 2016 Generation Savers pledge, and opening an account is very easy.
All children going into Year 7 should have received a letter from the executive leader of Tameside Council, Cllr Kieran Quinn. Simply take your child to a Cash Box branch, or to your nearest library, and provide some proof of your own identity such as a passport or driving licence, and of your child’s identity, say their birth certificate.
Mum Alaya Khanom said: “We received our letter through the post and I thought that my twin boys, Amin and Adial were at a good age to start saving and learning how to manage their own money. We opened their accounts at the library and it was very easy.
“I think it’ll show them that you have to work hard to earn money and save, and teach them some responsibility.
“Amin says he wants to save for a phone while Adial wants to have enough money to take the whole family on holiday.”
Cllr Frank Travis, chair of Cash Box Credit Union, added: “By learning the importance of money early in their lives we hope youngsters will be able to manage their money well and avoid many of the pitfalls that can face them when they reach adulthood and start work.
“Along with the savings starter, Cash Box is offering a new free service, a Smartcash card which helps them learn to manage their money in a modern way with parental access and safe limits.”
Cash Box is a not-for-profit organisation that provides a range of ethical financial services to its members. It offers a safe and convenient place to save money and also provide loans for over-18s at a very reasonable rate of interest. Cash Box is driven by an ethos of service to its members rather than maximising profits.
TERMS AND CONDITIONS
By providing the voucher to Cash Box both you and your child are agreeing for Cash Box to share your information with Tameside Council for the purpose of validation checks to prevent fraudulent use.
The voucher is valid until December, 2016
The voucher can only be redeemed as a £10 credit on a Cash Box Credit Union Smart Saver account for the named child
Only one voucher can be used per account.
The scheme applies to children moving into Year 7 between September 1, 2016, and August 31, 2017, and resident within Tameside.