CHILDREN at a Huddersfield school can save up for next year's Christmas presents or holiday spending money.
And they won't have to leave the school premises.
Stile Common Junior School at Newsome has launched a junior savers' programme, thanks to the Castle and Minster Credit Union.
The union has 262 junior members in Kirklees, with a total of over £13,000 in savings.
Any child who lives in Kirklees can join the union from the day they are born until the age of 16, when their money is transferred into an ordinary credit union account.
When they reach 18, they can apply for loans from the union.
Clr Paul Battye, Kirklees Council's Cabinet member with responsibility for administration and business, said: "The junior savers' programme encourages children to get into the habit of saving. It helps them to learn budgeting skills which will be useful all their lives."
Credit union chairman Stuart Bethel said: "As an old boy of Stile Common I am particularly pleased to welcome pupils from my old school.
"This initiative will help the children to develop quality life skills at an early age.
"As junior savers, they will be encouraged to save regularly, which will assist them in developing basic numeracy skills, help them to understand personal finance and, if they choose to get involved in running the collection point, it will help them to develop teamwork skills and the values and benefits of co-operation."
Adult members of the credit union can enrol their children as junior savers. Many of them have money paid into their children's and grandchildren's accounts by payroll deduction or standing order.
Parents, teachers or school governors who would like to know more about operating a school collection point are asked to call the credit union on 01484 226666 or email firstname.lastname@example.org or see http://www.castleandminstercu.co.uk