The savings club is a savings scheme operated in our school by the Lewisham Credit Union. The Credit Union is a responsible bank that is not for profit and run for the good of the local community.
All of our children have an opportunity to open a real life savings account where they can deposit their money every week and save towards their financial goals.
What we do...
The morning starts by Ms Antwi, or another admin adult, starting our session. Once this is done we can then log on to the LifeSavers portal and begin taking transactions.
Every child has a passbook but we keep these in school so they do not lose them. When they want to deposit money, we retrieve their book in order to log the transaction.
One person puts the transaction through on the portal whilst the other writes down the transaction and updates the child's passbook. It is really fun because we have to work out how much they have saved so far by ourselves and then let the customer (child) know their new balance.
At the end of the session we also have to count all the money received and make sure it matches with everything entered on the portal.
Being a Savings Club Cashier is so much fun, it makes me feel like I have a real job and lets me learn how to do lots of new things! I also enjoy helping the other children learn more about saving their money.
Make sure you get your form from the School Office so you can open an account.