The Children's Mutual Launches CTF Cashback Site To Help Families
Save While They Spend
Released
on: November 3, 2009, 7:37 am
Author: The
Children's Mutual
Industry: Financial
The
Children's Mutual, leading Child Trust Fund provider, has revealed
that expectant parents can earn over £200 by using its new
shopping portal CTFCashback.co.uk to kit out their babies' nurseries.
Research
shows that on average, British parents spend £3,383 decorating
and furnishing a nursery with a further £605 spent on prams,
buggies and car seats. If parents did this shopping through CTF
Cashback, they could be earning financial rewards of up to
£215.
Free
to use, the site enables online shoppers to build up cash in £10
increments which can be placed directly into a bank account or
a Child
Trust Fund with The
Children's Mutual.
The
site, which offers members up to 20% cash back and lists over
1,000 retailers - many with additional voucher codes - can help
parents and the wider family continue to save as the baby grows
up too. By using CTFCashback.co.uk to purchase ongoing essentials
such as nappies and baby wear right through to buying presents
and even holidays.
Tony
Anderson, Marketing Director at The Children's Mutual, said: "All
parents quickly realise that buying everything they need and want
for their child can be an expensive business. We created our CTF
Cashback site to assist parents in getting great value for
money on all their purchases, whilst being able to save towards
their child's future".
Over
1,000 major retailers have already signed up to the scheme including
leading brand favourites such as Mothercare, John Lewis, Kiddicare.com
and Marks & Spencer. Collectively, retailers are offering
www.CTFCashback.co.uk members average returns of over 5% through
the site, with some offering up to 20% or lump sums of up to £85.
Tony
Anderson continued, "When questioning expectant
and new parents through our monthly poll, nearly 90 per cent*
suggested that they would like to receive ‘money back' for
their nursery shopping. We have taken this one step further so,
whether it's buying baby grows and nappies or school uniforms
and family holidays we wanted cash-strapped parents to be earning
money every time they spend online. With so many pulls on household
budgets, www.CTFCashback.co.uk
offers a practical way of helping families to be savvy with their
money and encourage them to save towards their children's futures."
- Ends -
Notes to editors:
Figures from Gurgle.com Baby Budget April 2009 and from CTFCashback.co.uk
as of 28 October 2009
* Source: The Children's Mutual Brand Tracker Wave 19
About
The Children's Mutual - Home of the Child Trust Fund
The Children's Mutual's mission is to help parents, grandparents,
family and friends fulfil their hopes for today's children. The
Children's Mutual is the only UK company that specialises in long
term savings for children and is now the choice of 1 in 4 parents
for their child's Child Trust Fund, with more than 725,000 CTF
accounts. This expertise has led several financial institutions
and family-focused high street retailers to choose The Children's
Mutual as their stakeholder Child Trust Fund provider.
The
Children's Mutual PR contact:
Katie Donlan
Consolidated PR
22 Endell Street,
London
WC2H 9AD
020 7781 2376
www.thechildrensmutual.co.uk
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