Primary Pupils
What do you do with your pocket money and birthday money? Do you save it or spend it all straight away?
Teachers
Are you thinking of introducing the concept of money and budgeting to your pupils?
Secondary Pupils
How do you manage your allowance and spending? Do you save it or spend it all straight away?
How It Works
Save by the Bell gives young people in Dundee the opportunity to learn about saving and gain an understanding of how money works. We run weekly collections and financial education sessions in schools to encourage children to develop regular savings habits and money management skills.
Weekly Collections
Each school has a specific collection day where pupils can deposit any amount of money. Collections are run by P6/P7 pupils under adult supervision.
Savings Books
Every saver receives a pack with a savings book where all transactions are recorded, helping them track their progress and build confidence.
Real Experience
Students get hands-on experience saving within their school setting, watching their savings grow while building lifelong money skills.
Trusted Partnership Since 2006
All Save by the Bell accounts are held with Discovery Credit Union, who are authorised and regulated by the Financial Conduct Authority.
What People Say
I really enjoyed working with children and had great support when I started
I have got experience working with children and dealing with money and this will hopefully help me to progress into University
Save by the bell has shown me how saving small amounts of my pocket money can result in large amounts.
Save by the Bell has helped me to understand the value of money and how to budget.
Working as teller has helped me to learn to write money transactions and work with money
Save by the Bell has encouraged me to save my money
Frequently Asked Questions
Complete the withdrawal slip provided in the Savers Pack and the saver can bring this to the weekly collection point at their school along with the Savings book or post it to us. Alternatively you can come to the Discovery Credit Union desk in the Central library, Wellgate Centre and make a withdrawal in person, please bring ID with you. Should you require a withdrawal form, please call us 01382 431576, email us – info.savebythebell@dundeecity.gov.uk or request one at the school collection point.
If your child changes school, please notify us and we can give you the collection day information of the new school. A new pack is not required. If the new school does not have a Save by the Bell collection point we will advise you of alternative methods of depositing money or how to withdraw and close the account.
There is no minimum weekly saving amount, our aim is to encourage a regular savings habit. Your child can bring in any amount from 1p upwards.
A small sticker is given to each saver every time they make a deposit at the school collection point. Once 10 stickers are received a certificate is issued, after 10 stickers a bronze certificate, after 20 stickers a silver certificate and so on.
If you lose or misplace the savers pack you can request a replacement pack from either the school collection point, by calling us 01382 431576, or by emailing us – info.savebythebell@dundeecity.gov.uk. A new savers pack will be issued at the school collection point with your up to date balance and new saving card.
The account will remain active unless you have specifically requested the account to be closed regardless of if there is any money in it. You can, at any time, request a replacement pack (see above).
Once your child leaves primary school the account is automatically transferred to Discovery Credit Union Junior Savers. You are notified of how to continue to deposit money should you wish to, or you are given the option to withdraw the balance. If the account balance is zero, and there has been no response back after a set period of time, the account will be closed.
Every £ Helps a Child Start Saving
Your donation funds materials, resources, and support for young savers across Dundee.
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