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Flat White

Why are bureaucrats against teaching children to save?

20 May 2021

4:00 AM

20 May 2021

4:00 AM

All three of my children are/were part of the CBA’s school banking program, and I volunteered as the school banking coordinator for several years at their primary school.  

The reason? Because the CBA school banking program is so good.  

It’s a worry, then, that an ASIC report has led to left-leaning bureaucrats in Victoria shutting down the program, along with the other Labor strongholds of Queensland and the ACT. 

Why am I a supporter of CBA schools banking? The interest rate on offer is attractive, and I’d suggest significantly better than most readers are receiving on their own bank account.

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