Summary: <p><strong>Show Notes</strong></p><br><p>In the fifth episode of the Savings Guru Podcast, James talks to Cem Eyi, Co-Founder of KidStart and the Beanstalk app, about the children’s savings market; cash funds versus savings accounts; and the younger generation’s approach to saving or investing.</p><br><p>00:30 Cem’s background and the origins of Beanstalk</p><p>01:12 Why focus on children’s savings and how Beanstalk works?</p><p>03:04 Why is there no requirement for regular deposits?</p><p>04:09 Cash funds versus a cash savings account</p><p>05:55 How has COVID impacted Beanstalk’s launch?</p><p>08:39 How do older relatives cope with the app?</p><p>12:30 Will more child-focused savings apps enter the market?</p><p>14:22 Will banks get involved in this area?</p><p>15:22 What are the future plans for Beanstalk?</p><p>16:18 The choice between investing and cash savings.</p><p>18:43 What would Cem do if he were Chancellor of the Exchequer for a day?</p><p>23:04 What changes are likely in the market over the next few years?</p><br><p>To find out more about Beanstalk, go to http://www.beanstalkapp.co.uk</p><br><p>Connect with The Savings Guru</p><ul> <li>Email ---- <a href="mailto:hello@thesavings.guru?subject=" rel="noopener noreferrer" target="_blank"><u>hello@thesavings.guru</u></a> </li> <li>Website ---- <a href="http://thesavings.guru/" rel="noopener noreferrer" target="_blank"><u>http://thesavings.guru</u></a> </li> <li>Twitter ---- <a href="https://twitter.com/savingsguruuk" rel="noopener noreferrer" target="_blank"><u>https://twitter.com/savingsguruuk</u></a> </li> <li>Facebook ---- <a href="https://www.facebook.com/SavingsGuruUK/" rel="noopener noreferrer" target="_blank"><u>https://www.facebook.com/SavingsGuruUK/</u></a> </li> <li>LinkedIn ---- <a href="https://www.linkedin.com/company/the-savings-guru-ltd/" rel="noopener noreferrer" target="_blank"><u>https://www.linkedin.com/company/the-savings-guru-ltd/</u></a> </li> </ul><p><br></p><br><p><br></p><br><p><br></p><br><hr><p style="color:grey;font-size:0.75em;"> See <a style="color:grey;" target="_blank" rel="noopener noreferrer" href="https://acast.com/privacy">acast.com/privacy</a> for privacy and opt-out information.</p>
