Oct 3 2007
A new saving scheme has been launched by Engage Mutual as part of what the company claims is an effort to encourage British families to secure their financial futures.
Dubbed the Junior Easy Save, Engage Mutual's latest offering is targeted particularly at children aged under 16 who were born too late to qualify for the government's child trust fund (CTF) initiative.
The new accounts promise a tax-free saving opportunity for investments of up to £25 per month and Engage Mutual is convinced that the vehicles will "encourage parents to save more for their children’s future".
"Engage Mutual is committed to helping families to save little and often for their future," said Karl Elliott, the company's marketing director.
"Parents who set up savings schemes for their children are not only investing in their future financially, but also helping to educate them in the importance of saving," he added.
All children born after September 1st 2002 are eligible for a CTF and HM Revenues & Customs suggests the funds "will help to strengthen the savings habit of future generations".
