This straightforward scheme invoices the regular sale of €1.00 Savings Stamps in the school. The stamps are affixed to Cyril's Savings Card which is retained by the pupil.

A completed card may only be used as follows:

• to open a Post Office Savings Bank Account.
• to make a deposit in an existing Post Office Savings Bank Account.

Please note that it’s not possible to encash a completed card.

To start a scheme, An Post provides an initial stock of Savings Stamp Cards. The teacher issues these to the pupils and explains the working of the scheme. The Savings Stamps are bought at the local Post Office and sold on a designated day - STAMP DAY - each week. An alternative arrangement for the teacher is to collect the money first, then buy the Stamps and issue them to the pupils. This involves keeping a record of name and Stamps needed; an Account Book for this purpose is available.