Empowering the next generation of savvy investors: the APS Kids Club is here!
As parents and grandparents, we always strive to give our children and grandchildren the best opportunities in life. One crucial aspect of their future success is financial literacy and understanding the importance of saving and investing. That’s why we are excited to introduce the APS Kids Club, a unique program designed to help children learn about investing while earning an impressive return.
Teach your kids the power of compound interest from a young age
When your kids or grandkids join the APS Kids Club, they’ll earn an impressive 4.25% p.a. on their investment. The APS Kids Club is not just about earning a higher return on investment, but also about teaching valuable lessons. By actively involving your children in their financial journey, they will gain hands-on experience in the world of money management. They will learn the importance of setting financial goals, the power of compound interest, and the benefits of long-term investing.
Boost your earning potential with regular contributions
While the APS Kids Club account offers an attractive interest rate, it’s important to remember that even greater opportunities lie in regular contributions. As parents or grandparents, you have the opportunity to enhance the growth of their investment by contributing small amounts regularly. This not only boosts the account balance but also instils the habit of consistent saving and financial responsibility.
Here’s an example.
Let’s say Amanda opens an APS Kids Club account for her daughter, Sophie. She deposits $20 into the account every week for 18 years, taking advantage of the compound interest rate of 4.25% per annum. At the end of 18 years, Amanda’s consistent investment efforts, coupled with the compound interest of 4.25% per annum, yield impressive results for Sophie’s investment.
Total amount contributed = $18,720
Total interest earned = $9,326
Total available to withdraw = $28,046
With over $9K in interest earned over 18 years, Sophie now has a head start in saving for her first home, first car or an adventure of a lifetime!
Enjoy flexible withdrawal options
Unlike APS Term investments, with the Kids Club account, you are not locked into a 12 or 24-month term. This means that you have the flexibility to withdraw the funds whenever you are ready and all you need to do is give us 31 days’ notice. Although the idea is to invest over a long period, if you ever need to withdraw earlier than planned, the option is there.
Apply for the APS Kids Club
By signing your kids or grandkids up for an APS Kids Club account, you can give them a head start in learning about investing, saving, and the power of compound interest. With an impressive 4.25% p.a. interest rate and the flexibility to contribute and withdraw, the APS Kids Club is a great way to empower children to grow their savings and cultivate a mindset of financial responsibility.