Bank initiative aims to teach children to save

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Thu, 27 Aug 2009 12:00a.m.

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New Zealanders are terrible savers – we love spending money we do not have. But one Northland primary school is determined to educate their pupils out of such behaviour.

New Zealanders are terrible savers – we love spending money we do not have. But one Northland primary school is determined to educate their pupils out of such behaviour.

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15/05/2010 11:52:20 p.m.

Helen1 wrote:

In all fairness all banks should be paying interest or a fee to all its savers for recieving the goods (money) because thats how business goes. Thats a win win stuation for all.

Not take your money and they make millions and then have the audacity to charge you for using their services and not get any return for your service in the first instance.
I mean where is the true incentive to save.

28/08/2009 1:43:32 p.m.

Craig wrote:

Disappointing to observe that attitude from Steve. This wasn't 'copied' from anyone but developed directly between bank branch and the school concerned - with no claims beyond this being a good thing to do. No need to undermine something so worthwhile. Anyway, who cares what came first "the chicken or the egg" if everyone benefits from either the chicken or the egg...

27/08/2009 10:17:06 p.m.

Steve wrote:

Westpac not the first to be doing this: The National Bank has done School Banking with student tellers for 5 years and currently has around 100 primiry schools in Auckland and Northland doing this. Westpac have simply copied the program The National Bank have.