saving account for a 2 year old

bigoggy2007

we are looking to open a savings account for our 2 year old daughter. she has an account at abbey that her child trust fund was paid into. but we are looking to open a normal savings account at another bank as we don't like abbey. where is a good place to open an account at this age? we liked the look of the post office account but the minimum you can pay in is £20.

scott_lithgows

bigoggy2007 wrote: »

we are looking to open a savings account for our 2 year old daughter. she has an account at abbey that her child trust fund was paid into. but we are looking to open a normal savings account at another bank as we don't like abbey. where is a good place to open an account at this age? we liked the look of the post office account but the minimum you can pay in is £20.

It is possible to transfer your Child trust fund to another provider,my boys CTF is in the Yorkshire building society and very good it is too.

jovichick123

Hiya,

I've opened one today with the Natwest for DS (4 yr old). Is a young saver account and has interest rate of 0.70%. Can be opened with as little as £1.

HTH

rb10

Halifax and Nationwide typically give the best rates on children's savings accounts, see their websites to see which is best at the moment. There's also a page about child savings here.