Councillors and officials from the Department for Education have visited Walthamstow School for Girls.

For the fourth year in a row the school has been running the MyBnk initiative to get students into saving.

MyBnk chief exective Guy Rigden and Cllr Mark Rusling were among those who visited last week to see how the project encourages pupils to be money-minded.

Headteacher Meryl Davies said she wants pupils to be educated on the importance of managing finances.

She said: “Our students are growing up in times of heightened financial and job insecurity and the continual worry of debt on their shoulders.”

The school in Church Hill has run the project annually since 2010.

Last year the school raised more money than any other taking part in the initiative and also had the most new and regular savers.

The opens at the school every Thursday and is staffed by pupils.

Savers can only withdraw money at the end of term.

There is currently £1,000 of our students’ money being saved in the school bank with 450 individual accounts having been set up.