Children Account

jiji

I would like to open children account any recommendations would be appreciated. I would like to save regular £50-60 monthly. Please contribute yours recommendations. thanks.

westbromwichalbion

I would recommend Nationwide smart saver and if you intend to make regular monthly savings the Halifax

surfsister

jiji wrote:

I would like to open children account any recommendations would be appreciated. I would like to save regular £50-60 monthly. Please contribute yours recommendations. thanks.

some good monthly accounts around eg Halifax


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Halifax Children's Regular Saver
If you're a parent or grandparent, a godparent or just a friend, then you'll love our great new Halifax Children's Regular Saver account with its astonishing interest rate of 10.00% AER/gross p.a.

Start saving for that special child's future today and reap the benefits:

Saving between £10 and £100 each month, quickly and conveniently by standing order
Earning a rate of 10.00% AER/gross p.a. fixed for one year
Changing the amount or making extra payments by standing order, within the monthly limit, as often as you like
Opening an account in your own name or jointly with your partner on behalf of the child
Having one account per adult, per child (under 16), so for example, each parent, grandparent, friend etc can hold an account for the same child.
Once the twelve month term is up, the money saved and the interest earned will be automatically transferred into your nominated account, or the save4it account we open for you. Of course, once transferred, the money will continue earning the great rate of interest of your nominated account.

At this point your Halifax Children's Regular Saver account is empty and a new interest rate will start on the next deposit being made. You simply continue to save using the same standing order, receiving another year of a great fixed interest rate.'


http://www.halifax.co.uk/savings/childregularsaver.shtml