Child savings account

cceg

Hi all

We are now, luckily, in a position to put away some money every month for our little boy.

Is there any good savings accounts out there for children with a good intrest rate?

rb10

If you can commit to putting between £10 and £100 away each month, the Halifax Childrens Regular Saver is 8%. Probably the best rate you'll get.

cceg

Yes hopefully, we will be putting away his child benifit every month. He already has savings of £2000 which is money grandparents etc as gifts.

mouthscradle

Wow, he is one lucky boy! :T

Mikeyorks

Worth your reading through this from the main site :-

http://www.moneysavingexpert.com/savings/child-savings-tax-free

.... as rb10 says the Halifax RS (referenced in the article) has been the best for a while. But do check you understand the Terms etc before you commit (primarily that you can contribute £10 - £100 monthly ... but you must pay every month ... the account is cleared out to your nominated account every year ... but you can then continue for a further year etc.)