Saving up for the future

Harry Ward Thomas Brown and Charlie kellerman.
Harry Ward Thomas Brown and Charlie kellerman.

SAVVY youngsters have already started saving for their future by opening bank accounts in school.

Four schools in Whitby and district have already started putting pennies in the piggy bank and more are set to follow suit over the next few weeks.

The school bank scheme is being run with North Yorkshire Credit Union as part of a bid to encourage kids to think about money and saving for the future.

Seton School at Staithes, Oakridge at Hinderwell and Egton C of E were among the first to join.

They were closely followed by St Hedda’s RC at Egton and Sleights C of E.

Castleton School is set to start saving this month and Glaisdale and Lealholm children will be setting up accounts over the next few weeks.

Each week children will make a deposit into their accounts which earn three per cent interest this year.

Yorkshire Coast Homes is putting a pound into each account opened too.

At the Sleights school launch earlier this month there were over 60 children queuing up to pile in the pocket money.

Hazel Percival, Whitby and District development worker for North Yorkshire Credit Union, said: “As you can see from the launch of Sleights school bank how important it is for commitment from the governors, staff, children and parents to make it work within each school.”