CHILDREN from five local primary schools have been taking part in exciting new projects to encourage them to save and learn about money.
Working with West Sussex Credit Union, the children have started their own junior saver’s account where pupils bring in pocket money or money they have earned at home doing jobs, to save in their own account.
The deposits are paid into secure savings accounts, which the young people can monitor online.
Pupils from Tangmere Academy, Seal Primary Academy, Kingsham Primary School, Central CofE Junior School and Parklands Community Primary School all took part.
Anthony Deveson, from the the West Sussex Credit Union, said: “We are now working with ten schools across West Sussex. Around 300 children are now saving regularly and between them they have now saved in excess of £26,000 – an astonishing feat and a great start to their financial future.”
The projects, supported by Chichester District Council, Hyde Martlet Housing Association and the England Illegal Money Lending Team, also encouraged children to take part in a competition to design a mug, to help people report illegal money-lending loan sharks.
The winning design, by Sophie from Seal Primary Academy in Selsey, was then turned in to 150 mugs and distributed to ten advice agencies around Chichester, including the Citizen’s Advice Bureau. Presentations for savers and competition winners were held at Westgate Leisure Centre in Chichester.