Scarborough Young Super Saver 'encourages early saving'

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Scarborough Young Super Saver 'encourages early saving'

Thu 28th Sep 2006

A new campaign has been launched to promote the Scarborough Young Super Saver account and other products that feature in the society's Smart Kids range.

It is hoped that more children and their parents will sign up for the Scarborough Young Super Saver account and in doing so plan ahead for their financial futures.

The provider is keen to get the savings message across to children, parents and grandparents, as escalating debt levels and a lack of planning for the future threaten to overwhelm families.

Tony Burdin, head of group marketing at Scarborough, said the responsibility is increasingly on parents to provide "a nest egg" in order for their children to go to university or buy a house one day.

The Scarborough Young Super Saver account can be opened with an initial deposit of £10, while the society will pay a "competitive" interest rate until the account holder's 23rd birthday.

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