‘Jubilee Jumpstart’ for school students

Friday June 12, 2015 Written by Release Published in Education

As part of this year’s 50th anniversary celebrations, Government has put aside $230,000 and BCI will provide a further $20,000 to create the ‘Jubilee Jumpstart savings bond’. 

 

Under the savings scheme, each registered Cook Islands primary school child (including the children of permanent residents) enrolled at school as of August 4 will be allocated a share of that fund. Depending on final enrolment numbers, that should be around $125.00 per child, a BCI spokesman said.

The Government has negotiated a five-year term deposit with BCI of 4.4 per cent compounding monthly, which at the end of the five years will be allocated to the children.

Around 2,000 enrolled primary school children in the Cook Islands will benefit from the savings initiative

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