Dec 12 2006
A building society has launched a new scheme to encourage children to save in their child trust fund (CTF) or child savings account.
Britannia will give a paint-your-own piggy bank to children when their parents set up a CTF, FirstSaver or Junior Saver account before the end of January.
The CTF offers a 6.5 per cent rate of interest, while the Junior Saver accounts are available with the theme of 12 football clubs, including Arsenal, Chelsea and Manchester United.
Tim Franklin, managing director of member business, explained: "We hope the piggy banks will give youngsters an additional incentive to save.
"It will also be a fun way for young football fans to show dedication to their team by painting them in club colours."
In October, the Building Society Association reported that 71 per cent of parents elected to choose a cash CTF in September, when given the choice.
