Junior Savers Club
Kings Hedges Educational Federation have a Junior Savers club in partnership with Cambridge Rainbow Savers which has been running since January 2016.
All the children in the primary school have the opportunity to be enrolled in the junior saver scheme with some major benefits. To encourage young savers to start saving, Cambridge City Council have offered to open the account with £5. Interest payable to junior savers is currently 2% per annum and Rainbow Savers has held this interest rate steady for 5 years to ensure that young people learn about the benefits of saving for the future.
Cambridge Rainbow Savers is part of Rainbow Saver Anglia Credit Union Ltd which is regulated and authorised by the Prudential Regulatory Authority and Financial Conduct Authority. Deposits are protected by the Financial Services Compensation Scheme, so you can be sure the money is safe. You can find out more about them at www.rainbowsaver.co.uk.
Please support this initiative and help your child get into the savings habit early in life. Your child can pay cash and cheques into their savings account every fortnight on a Thursday morning at the school between 8.20am-8.45am.To encourage young savers to start saving, Cambridge City Council have offered to open the account with a mini piggy bank and in addition £5, under the condition that the money is match funded and not withdrawn for a term.
The first opportunity to add to the savings account will be on Thursday 12th January and every two weeks thereafter, see dates below. You will be also able to refer to the school newsletter for future dates. Please be advised that the application form needs to be returned along with any payment in order for your child’s account to be set up.
Please click here for an application form and return with your deposit to the School Office.
Junior Savers Sessions
8:20 – 8:45am in the school foyer
Sep 18 - dates TBC
Rainbow Savers get awarded piggy banks for their saving efforts!
We were delighted to receive a visit from the Mayor of Cambridge, who took great interest in our Saving Scheme, and congratulated the children on their saving efforts so far. During his visit, Rainbow Savers kindly awarded brand new piggy banks to those children with accounts to help them save their pennies.
Update Rainbow Savers will award each child who opens a savings account with them with one of our specially designed piggy banks.
To view the Cambridge TV report on the 'Junior Savers Club' click on the following link: