Co-operative Insurance: Saving for kids 'easy'
www.moneynews.co.uk > Insurance > Co-operative Insurance: Saving for kids 'easy'
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Money News |
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Co-operative Insurance: Saving for kids 'easy'
Fri 9th Mar 2007
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The accounts, launched by the government in 2002, have now been taken on by over 26,000 consumers.
Under the funds, parents are given £250 to invest by the government in a fund of their choice.
Zack Hocking, head of savings and investments at the bank, also welcomed the government decision to use the fund as an educational tool in schools to encourage saving among the young.
"Initiatives such as this will stimulate children's interest in saving for the future and encourage them to carry on their savings habit into adulthood," he added.
The Co-operative Bank Child Trust Fund, the first ethical account of its kind, is being provided in collaboration with The Children's Mutual.
Related News : Insurance |
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Related News : Cooperative |
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