Welcome to ASPIRE!

We’re thrilled to introduce you to this groundbreaking initiative by the Government of Saint Kitts and Nevis, designed just for you. ASPIRE—Achieving Success through Personal Investment, Resources, and Education—combines engaging financial education with real savings opportunities and investments in local companies. Our mission is to help you build financial confidence, grow your savings, and become an active player in our nation’s economic future. Join us on this exciting journey towards financial empowerment and long-term wealth!

About the ASPIRE Programme

ASPIRE—Achieving Success through Personal Investment, Resources, and Education—was established by the Government of Saint Kitts and Nevis in September 2024.

The ASPIRE Programme is built on three key pillars:

SAVINGS

Every participant receives a dedicated savings account, seeded with an initial deposit, to encourage early financial responsibility and long-term wealth accumulation.

INVESTMENTS

A portion of the savings is invested in shares of local, government-owned entities, fostering a sense of ownership and providing an opportunity for financial growth through dividends and reinvestment.

FINANCIAL EDUCATION

Delivered through schools and other institutions, this comprehensive curriculum covers essential topics like budgeting, saving, investing, and entrepreneurship, equipping youth with the skills to make informed financial decisions throughout their lives.

Financial Education

The Ministry of Education and the Eastern Caribbean Central Bank will collaborate to deliver:

Teacher led classroom activities

Age-appropriate training materials

Hands-on, fun, interactive learning experiences

Eligibility Criteria

CITIZENSHIP

Students must be citizens of St Kitts and Nevis.

AGE

Must be age 5-18 or have been 18 or under on 13 December 2023.

RESIDENCY

Must reside in Saint Kitts or Nevis.

SCHOOL

Must be enrolled in school or registered for home schooling.

BENEFIT

Students will be enrolled in a $500 savings account with St Kitts-Nevis-Anguilla National Bank and $500 investment in publicly traded shares.

DURATION

Students must remain in the programme for a minimum of 5 years or until they turn 18, whichever is later.

Application Process

The sign-up/apply portal will remain open to facilitate continuous registration of students as they attain their fifth (5th) birthday.

Frequently Asked Questions

General Information

ASPIRE is a financial education, savings, and investment initiative by the Government of Saint Kitts and Nevis, designed to empower youth through financial literacy, savings, and smart investments.

All citizens of Saint Kitts and Nevis aged 5 to 18 who are attending school within the Federation are eligible. This includes those citizens registered with the Ministry of Education as home schooled.

Eligible citizens include Saint Kitts and Nevis born in the Federation or citizens by descent.  Applicants must supply one of the following: i) Saint Kitts and Nevis birth certificate or ii) citizenship by descent certificate.

Following launch in September 2024, ASPIRE participants will be enrolled on a rolling basis following their fifth birthday.

ASPIRE participants can register for their own accounts from the age of 12.


Savings Accounts

Yes, additional deposits can be made into the ASPIRE savings account. Please note that any additional funds, added voluntarily, may not be withdrawn for the duration of the programme.

Funds can only be withdrawn by the ASPIRE participant upon completion of the programme. This includes any additional funds added during the course of the programme. Parents or guardians cannot withdraw funds.

Yes, the savings account will accrue interest over time, enhancing the participant’s savings.

In such unfortunate circumstances, the funds will be transferred to the participant’s next of kin.

The funds in the ASPIRE savings account are held securely in the St. Kitts-Nevis-Anguilla National Bank (a government-backed financial institution), ensuring safety and reliability.


Investments

A portion of the savings is invested in shares of local, government-owned entities such as the St. Kitts-Nevis-Anguilla National Bank and St. Kitts-Nevis Cable Communications Ltd (“The Cable”).

No, the investments are predetermined by the programme and are made in specific government-owned companies.

Dividends generated from the investments are automatically reinvested to compound savings and promote long-term financial growth.

No, investments are locked in until the participant completes the ASPIRE Programme.

Valuation statements will be issued on a quarterly basis to ASPIRE participants with updates on the performance of their savings and investments.


Financial Education

The curriculum includes budgeting, saving, investing, entrepreneurship, and financial market literacy, tailored specifically for young learners.

Financial education is delivered through schools and other institutions, incorporating interactive lessons, workshops, and digital resources.

Yes, participants will undergo periodic assessments to ensure they are grasping the key concepts and can apply them effectively.


Programme Completion

Upon completion, participants gain full access to their savings and investment returns. They will also receive a certificate of completion.


Miscellaneous

If an ASPIRE participant relocates outside of Saint Kitts and Nevis, they can continue in the programme, but specific arrangements must be made with the programme administrators.

Yes, parents or guardians will have access to view the account activity but cannot make withdrawals.

For any additional questions or support, please contact the ASPIRE team via email at aspire@gov.kn.

Contact Us

If you have any further questions, contact us at:

EMAIL ADDRESS

aspire@gov.kn

EMAIL ADDRESS

aspire@gov.kn

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