NEWBORN NEST EGG
Westpac is celebrating its 200th anniversary and to mark this historic occasion, they’re giving babies born in Australia in 2017 a $200 head start with a Westpac Bump savings account.
Australia’s first bank, Westpac, has been supporting Australians for 200 years. To celebrate this milestone, Westpac is investing in the next generation of Australians by encouraging positive savings habits from a young age, and increasing financial awareness. The Westpac Bump initiative helps parents and grandparents to kickstart their little one’s savings with a $200 contribution to a Westpac Bump savings account, which will open on 8th April 2017. The $200 will be available to withdraw once they turn 16. Before then, parents and family members can use the account to deposit small amounts of money, watching the savings grow into a healthy little nest egg over time. For example, building on the initial $200 deposit at birth with a $20 contribution each week could potentially amass around $19,000 in savings by the time the child turns 161. That’s a great head start towards travel, education or even a home loan deposit. This one-off $200 contribution is available to any eligible baby; you do not have to be an existing Westpac customer, so express your interest online at www.westpac.com.au/ dearbump to get your bump’s financial future off to a great start.