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Why poor savings rates for children?

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Comments

  • rb10
    rb10 Posts: 6,334 Forumite
    I think most places do ... Halifax will let you open a Fixed Rate Web Saver (online only) or Guaranteed Reserve. You won't be able to open an ISA anywhere (they are age 16+), but other accounts should be ok.
  • oramgepekoe
    oramgepekoe Posts: 574 Forumite
    Part of the Furniture 500 Posts
    medindexer wrote: »
    So, following on from this discussion about decent rates for children, are there any 2 or 3 year fixed rate bonds that definitely qualify for a child of 13. I want to put in about 8K jointly in my and my sons name.

    Nationwide definately allow children to hold their fixed rate bonds. Various rates from 6 months to 5 years.
    http://www.nationwide.co.uk/savings/bonds/bonds.htm
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