Childrens savings accounts
It is of paramount importance that you not only set money aside for your kids future, but also to get your children involved and encourage them that saving is a neccessary part of life. Ok maybe money cant buy happiness, but being broke and poor does not make most people happy either!
In the UK, the single, easiest, safest, most cost effective way to save towards your childrens future and get contributions from the government is to get a savings child trust fund
In the UK, the single, easiest, safest, most cost effective way to save towards your childrens future and get contributions from the government is to get a savings child trust fund
Child trust fund providers
- Family Investments - UK's leading Child Trust Fund provider with over 450,000 savings accounts and the provider behind Child Trust Funds from Barclays Bank, the Post Office and Sainsbury's Bank, and many more
- Abbey National offer the Childrens Saving Bond Account and also a choice of opening gift. Under 18 or investing on behalf of someone who is? This bond will guarantee an interest rate of 5.70% gross p.a. for 4 years - a good return and a safe choice as long as you dont need the money within the 4 year period!
- First Saver Child Account with Alliance & Leicester. A relatively straightforward childrens savings account with, instant access, no ties and an attractive interest rate with good flexibility.
- Barclays junior barclayplus children's saving account - Open with as little as £1. Get instant access to savings. The more you save, the higher the interest rate applied with a tiered scale.
- Britannia first saver children's saving account. from £1 up to a maximum investment of £20,000. Instant access to your money and easy withdrawals. After age 12 children can have their own cashcard.
- Chelsea Ready Steady Save Children's Saving Account currently offering one of the highest rates in the UK.
teaching kids about savings accounts
Parents Feedback on children and savings
Share your links and feedback regarding your children and finances
Know of a particularly good way of encouraging children to save? Have you had any bad experiences with finincial institutions with kids savings? Do you have a child savings trust account already and want some more information? Do you have a related lens or website that you fell should be listed here?
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PatnGina
Dec 7, 2007 @ 7:08 am | delete
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Childrens savings regulators and resources
- Inland revenue child trust fund website
- Child Trust Fund (CTF) is a savings and investment account for children. Children born on or after 1 September 2002 will receive a £250 voucher to start their account. The account belongs to the child and can't be touched until they turn 18, so that children have some money behind them to start their adult life.
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