Passbook accounts for children

AJMacKay

Does anyone know of any banks/building societies etc that still issue passbooks for children's savings accounts?

I want my kids (6 and 9) to start saving, but surely they need to be able to see what they are saving and how their money is growing? Internet savings and annual interest statements just seem to miss the point when you are trying to encourage your kids to be sensible with money!

TIA

Alexland

Nationwide's child Future Saver pays 3% if you have a main current account with them (or 2% if not).

If the you/they make more than 1 withdrawal per account year the rate drops to 0.5%.

Although the child gets a passbook the adult can also view and transfer money via online banking.

Flugelhorn

I think Skipton BS has passbooks for many accounts, depends if they have a branch near you

xylophone

Do you have a "local" building society?

They may well offer a passbook for the child account and possibly a higher interest rate for local children.Or do you have a Virgin store close by?

https://uk.virginmoney.com/savings/products/virgin_young_saver_issue_5

AJMacKay

Thanks for those suggestions.

We don't have a "local" building society, unfortunately.

All of those other suggestions have branches nearby, so I will definitely investigate further.

Thanks again.

20SmthngSver

AJMacKay wrote: »

Does anyone know of any banks/building societies etc that still issue passbooks for children's savings accounts?

I want my kids (6 and 9) to start saving, but surely they need to be able to see what they are saving and how their money is growing? Internet savings and annual interest statements just seem to miss the point when you are trying to encourage your kids to be sensible with money!

TIA

Any Building Society will do. Banks, no. A bit of eco-friendly plastic instead.

louloubelle79

I have looked for the same today and going for
https://www.ybs.co.uk/savings/product.html?id=YB071041BA

Good interest rate and passbook access