Southwark school scoops £2,000 for Smart Savers sign ups

27 November 2017

As well as giving year six aged Southwark children £20 to open a savings account, Southwark Council also runs a Smart Savers competition to give the school with the highest number of sign ups £2,000 towards books and IT equipment for their pupils.

The council is pleased to award the 2016/17 prize to Cathedral School of St. Saviours and St Mary Overie. The winning school had 20 per cent of the vouchers issued to its pupils redeemed.

Cllr Richard Livingstone visited the school to present the cheque to children who had benefitted from the Smart Savers scheme.

Cabinet Member for Financial Inclusion and Adult Care, Cllr Richard Livingstone, said: “I’m really pleased to be able to present this award to the Cathedral School to help towards books and IT equipment for the school as recognition of their commitment to the Smart Savers scheme.

“Southwark Council will again be issuing £20 vouchers to all 11- year-olds in the borough as Smart Savers enters its fourth year. I also want to challenge all schools to double their number of sign-ups for year 2017/18."

Southwark Smart Savers was launched in 2015 to help young people save and teach them about responsible financial behaviour including experience of budgeting, saving and handling cash; giving them the tools to manage their money well into adulthood.

The council want to help the next generation to be financially savvy smart savers, starting with every year six aged child from Southwark. Since the scheme began, hundreds of primary school children living in the borough have claimed their vouchers.

Smart Savers vouchers can be claimed by visiting any London Mutual Credit branch, and bringing along your Southwark voucher letter, proof of address and child’s birth certificate or passport.

Credit unions operate for the benefit of its customers and offer a number of financial services to local residents.

Page last updated: 27 November 2017