Chorley BS SANTA SAVER 7.75%

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Chorley BS SANTA SAVER 7.75%

Chorley & District BS
SANTA SAVER matured on 25.11.08 and a new issue launched w.e.f. 1.12.08: a variable rate regular savings account maturing 25.11.09 with a minimum investment of £1 per month (maximum £150) paying 7.75% on maturity. No withdrawals permitted. Missed monthly payments can be made up to monthly maximums. On maturity transfers to nominated account with society. Existing savings customers only

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The Child Trust Fund scheme, which is central to Gordon Brown's dream of a "savings gateway", has the financial potential to change the life of the beneficiaries on their 18th birthday
By Jeremy Gates
Although few of them yet know it, more than two million children in Britain now hold Child Trust Fund (CTF) accounts - and this month (September), the oldest children holding these accounts reach their sixth birthdays.
They are then a third of the way down the road to the lump sum which might - possibly - change their lives on their 18th birthday.
At least, that's the theory behind a scheme central to Gordon Brown's dream of a "savings gateway" which eventually launched in April 2005. CTFs were offered to all children born on and after September 1, 2002.
They have so far received a Government voucher worth £250, will collect another worth £250 at seven and might collect a third handout - yet to be confirmed - at 13.
Children in families receiving Child Tax Credit (CTC) - with a household income below the CTC limit - get vouchers worth more than £250.