Child trust fund... any providers doing freebies etc?

immoral_angeluk

Does anyone know if there are any CTF accounts which offer something like mothercare vouchers etc? Planning on opening an account to get the freebie and the moving the voucher to a higher interest account later on..

Pink_butterfly_3

Lol, this was my first thought on investing my DS's CTF voucher!

In the end i went with Asda as you get a £15 gift card (for Asda)!!

immoral_angeluk

Pink_butterfly wrote:

Lol, this was my first thought on investing my DS's CTF voucher!

In the end i went with Asda as you get a £15 gift card (for Asda)!!

Did you have to set up a dd??

Justie

Boots give £20 of vouchers according to the leaflet I just got in the free Huggies change bag today. I don't know how easy these are to move etc but it's worth getting one that pays more in the long run rather than going for a freebie up front. If you would go for that plan anyway then it's great but especially if you're going to add anything to the CTF you need to invest it based on something other than initial gifts.

jo_b_2

immoral_angeluk wrote:

Does anyone know if there are any CTF accounts which offer something like mothercare vouchers etc? Planning on opening an account to get the freebie and the moving the voucher to a higher interest account later on..

Natwest provide a booklet vouchers when you open a CTF with them. They give you a second set of vouchers if you set up a direct debit as well.

http://www.natwest.com/personal02.asp?id=PERSONAL/SAVE_AND_INVEST/SAVINGS_ACCOUNTS/UNDER_16/CHILD_TRUST_FUND

The vouchers are things that involve spending money eg: £5 off when you spend £20 at Adams and discounts on entrance costs (Legoland etc.)

The CTF are easy to transfer. Providers aren't allowed to penalise people for moving accounts either. The only difficulty might be if the new provider isn't too familiar with the transfer process.

Justie

jo_b wrote:

The CTF are easy to transfer. Providers aren't allowed to penalise people for moving accounts either. The only difficulty might be if the new provider isn't too familiar with the transfer process.

thanks that's good to know I haven't yet got the the stage where I need to look into it.

jo_b_2

Just had an email about this Child Trust Fund scheme from the Nectar point loyalty card. It seems very innovative. (I don't know how financially savvy it would be.)

http://www.nectar.com/childtrustfund/

Basically, you can top up the Child Trust Fund with Nectar points! Very novel idea.

You also get 1000 bonus Nectar points when you open the account and another 1000 if you start a direct debit. Something a bit different anyway!