Child savings account

delmar39

Hi there looking for a bit of advice. Currently got a Nationwide child's savings account paying .75%, which is really poor. I've seen the Halifax deal which pays 6%. However, it appears that you can only save by regular installments up to a set amount. I would like to shift the entire balance away from Nationwide into a higher rate account, but there doesn't appear to be any accounts out there that you can do this with.

Have you come across this?

Baldur

See the usual comparison sites for childrens' savings accounts, e.g.:

http://moneyfacts.co.uk/compare/savings/childrens-account/high-street/

http://moneyfacts.co.uk/compare/savings/childrens-account/other/

http://www.moneysupermarket.com/savings/childrens/

delmar39

Baldur wrote: »

See the usual comparison sites for childrens' savings accounts, e.g.:

http://moneyfacts.co.uk/compare/savings/childrens-account/high-street/

http://moneyfacts.co.uk/compare/savings/childrens-account/other/

http://www.moneysupermarket.com/savings/childrens/

Thanks for the reply Baldur - very useful. I think I may open a Halifax account for regular savings for a year and shift the Nationwide balance to Northern Rock. Best of both worlds. Thanks again for the pointers.

IanIan

Why not look at Bath Buidling Society's children's account? Pays 5% on the first £500 and then 1.1% on the rest. My children just have £500 in theirs! The rest is in C&G accounts.