Saving accounts for Children age 17 & age 14

millerfamily5 · 21 April 2012 at 4:55PM

Hi Folks

I am looking for some suggestions for regular monthly savings accounts (about £20 a month) for my children age 17 (just recently) and 14. Currently they both have £2000+ in Nationwide accounts paying 0.75%.

Any advice would be apprecaited.

Many thanks

Richard

opinions4u · 21 April 2012 at 5:47PM

If you have, or open, a Halifax cash ISA yourself, a junior ISA paying 6% might be an option.

Or a Halifax Kids Regular Saver paying 6% on the regular saving part.

For the lump sum another consideration would be Northern Rock or Lloyds TSB. Northern rock and Halifax also offer term deposits to kids.

Saving accounts for Children age 17 & age 14

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