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Saving accounts for Children age 17 & age 14
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# 1
Old 21-04-2012, 4:55 PM
MoneySaving Newbie
Join Date: Aug 2011
Posts: 14
Default Saving accounts for Children age 17 & age 14

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

millerfamily5 is offline
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# 2
Old 21-04-2012, 5:47 PM
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Join Date: Jan 2006
Posts: 19,146

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.
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