Do you Save for your Children? – Exclusive video from NatWest First Savers for you

In the month of December, DD1 was invited from Britmums and Natwest to discuss about what she thinks about money, bank account and Saving as part of the “NatWest First Savers” filming. She is not a Shy child and the moment I told her that she got an opportunity to be filmed, she was at the extreme happiness and fully excited and was looking forward to the Big Day!

I am from a Middle- class family ( atleast that’s how it is named for the families who is kind of in a state where they can meet their day to day needs but can not think about anything that is an added extra ! ) Mum still feels so happy about talking about myself to anyone and be proud to express that her daughter is such a responsible child and knew about what is affordable by her parents and always kept her desires and dream about toys within the boundary of that “affordability”. So Savings was a bit (Really) tough for my parents.

Being Said that, I ( I should Say We, as hubby is still more particular about it) always wanted DDs to know the value of money though they luckily are in a position to get whatever they wish for – ofcourse not a BMW! 🙂 but in the sight of toys! And we always wanted to have a savings account for them so it would be a little help for them when they grow up.

Pocket Money…!, We don’t restrict it but it is not a daily allowance for them! They get reward for being Nice and doing good things and helping mum and dad at home – looking after the little sister when Mum is cooking dinner !

So, How did the filming go!

DD was very comfortable in front of the Camera as I expected ( I was more Nervous though) and I was surprised to see How confident she is to answer what she knows about Pocket Money, Bank account, Saving and Spending Etc! And All she knows about “Interest” at this time is ” Interest in Doing something really Nice!!” 🙂

Here is a little video for you from NatWest First Savers to see what children think about Money and Money related terms!

NatWest First Saver account Helps your children to have their own Bank account. Opening a savings account is a great first step for children to learn how to be responsible with money. Customers taking out the new NatWest First Saver account will receive a free ‘Pigbybank’. An interactive savings smartphone app featuring Pigby and Friend is also available.

The First Saver account is available to children under 16. Accounts can be opened on behalf of a child or in their own name if aged over 7 (and with consent of a parent or guardian). If the account is held by an adult in trust for a child, the child will become entitled to the funds when they reach age 16 if your address is in Scotland, or 18 if your address is elsewhere.

First Saver benefits:

• Start saving from as little as £1
• Free Pigbybank
• Access to Pigby’s saving zone featuring fun savings tips and tricks
• Adults can access funds in branch, by telephone, and online. Children will only be able to withdraw in branch.
• Most children can get the interest paid tax-free on a First Saver account. You can apply for your First Saver Account online here

For more information on the account please visit http://personal.natwest.com/personal/savings/first-saver.html or visit your nearest NatWest branch.