Savings Account for 3yr old?

cookie_monster

Hello people, can anyone suggest a good savings account for my 3yr old. Have opened a Halifax Save4it account but it has reached the maximum limit that is allowed in the acount and they won't allow me to add to it, I am considering closing the account and transfering the funds.

Thanks.

Chrismaths

Please read the 3,594 other posts on this subject, or even Martin's thread - "Use your child - Best child savings accounts."

RichyRich

Search https://www.moneyfacts.co.uk for a suitable account, if you put in the kind of account you want, withdrawal period etc, it will give you the best rate

HtH
Rich

regularsaver1

The maximum is £5k in a Halifax Save4it - although you can have the regular saver - doesn't stop you having both

Be careful on the interest they receive could be taxable over a certain limit(I saw this on one post I read on here)