SOUTHWARK SMART SAVER SCHEME

Your kids will be squirrels with the new council initiative Southwark Smart Saver

WHO IS ELIGIBLE?

The scheme is for children who live in Southwark. If your child was or will be 11 years old between 1 September 2013 and 31 August 2015, they will be eligible for the current scheme.

WHAT HAPPENS NOW?

  • In early May we will send you a letter with a £10 voucher for your child
  • This voucher will be redeemable at LMCU
  • You can take it to any LMCU branch and create or add a savings account for your child

HOW DO I SET UP THE YOUNG SAVERS ACCOUNT WITH THIS SCHEME?

If you have received the letter with a £10 voucher, there are three ways to set up a Young Saver account. Please note that the child does not have to accompany the parent/guardian to complete the set up.

  1. Submit an online application and you will receive a reference number. Visit our branch, along with the reference number, voucher from Council, original birth certificate or passport of the Young Saver and original address proof and identity proof of the Trustee, to complete the set up.
  2. Download the application form, print it and complete it. Visit our branch with the printed application form, voucher from Council, original birth certificate or passport of the Young Saver and original address proof and identity proof of the Trustee, to complete the set up.
  3. Do it in person at one of our branches. Visit our branch and bring the voucher from Council, original birth certificate or passport of the Young Saver and original address proof and identity proof of the Trustee. If you already have a Young Saver account set up, this voucher can be redeemable at London Mutual Credit Union. Your account will be credited with £10.

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ADDITIONAL WAYS TO SAVE INTO THE ACCOUNT

  1. Setting up a Direct Debit to save regularly
  2. Setting up a Standing Order Via you bank
  3. Online transfer from your current account
  4. Using your Debit / Credit Card via our website
  5. Via your payroll if you are working for one of the listed employers
  6. Over counter via four of our branch offices

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