Kids savers with reasonable rate that can be opened online

rcf100

Hi, just looking for a little advice on kids savers that can be opened online during this current crisis please.

We currently have the kids Halifax reg saver which matures this month, the nationwide kids savers that has a big interest drop this month. And the mini 123 accounts.

When the n/w and reg savers need moved there will be too much to keep in the 123. I've had a look at the page on this website but things like the hsbc acc and barclays reg saver all need to be opened in branch, there isn't any open online options for us.
Can anyone point me in the direction of a 2% or more account for kids that can be opened and managed online please? Even a 1.5% online would be good thanks

colsten

Have a look here: https://moneyfacts.co.uk/savings-accounts/childrens-savings-accounts/
It seems some can be opened by post, and then managed online.

colsten

Also worth checking: https://forums.moneysavingexpert.com/discussion/6106986/regular-savings-accounts-the-best-currently-available-list/p1

rcf100

colsten said:

Also worth checking: https://forums.moneysavingexpert.com/discussion/6106986/regular-savings-accounts-the-best-currently-available-list/p1

Thank you but getting it into a regular saver will be difficult whilst maintaining a decent interest rate. Need a good normal saver to hold it in while I transfer it

xylophone

https://www.thisismoney.co.uk/money/saving/article-1583863/Best-savings-rates-Junior-Isas-children-s-accounts.html

ratechaser

xylophone said:

https://www.thisismoney.co.uk/money/saving/article-1583863/Best-savings-rates-Junior-Isas-children-s-accounts.html

It may work for some but I'm not a fan of that page as it misses some key data points. Firstly the age limit of the account - some cut off at 16, others at 18. Secondly whether it's a regular saver with monthly limits, or one that allows lump sums (and if so, is there an upper limit as well as a lower one). And finally, what the application method is - online, phone, post, branch...

Plus it's not even that accurate right now - the virgin account is 1.75% and not 2.25%, and the account I'm probably going for (family BS, 2.25%, postal) isn't even listed.

colsten

rcf100 said:

colsten said:

Also worth checking: https://forums.moneysavingexpert.com/discussion/6106986/regular-savings-accounts-the-best-currently-available-list/p1

Thank you but getting it into a regular saver will be difficult whilst maintaining a decent interest rate. Need a good normal saver to hold it in while I transfer it

I did post a link for normal saver accounts, too

colsten

ratechaser said:

xylophone said:

https://www.thisismoney.co.uk/money/saving/article-1583863/Best-savings-rates-Junior-Isas-children-s-accounts.html

It may work for some but I'm not a fan of that page as it misses some key data points. Firstly the age limit of the account - some cut off at 16, others at 18. Secondly whether it's a regular saver with monthly limits, or one that allows lump sums (and if so, is there an upper limit as well as a lower one). And finally, what the application method is - online, phone, post, branch...

Plus it's not even that accurate right now - the virgin account is 1.75% and not 2.25%, and the account I'm probably going for (family BS, 2.25%, postal) isn't even listed.

I like Moneyfacts better than thisismoney. Much more comprehensive. Although I suspect thisismoney info is sourced from Moneyfacts. Neither site can always be bang up-to-date as the providers will usually be one step ahead of the sites listing them.

xylophone

It may work for some but I'm not a fan of that page as it misses some key data points. Firstly the age limit of the account 

Plus it's not even that accurate right now - the virgin account is 1.75% and not 2.25%, and the account I'm probably going for (family BS, 2.25%, postal) isn't even listed.

The last update date is shown - this gives the clue that interest rates must be checked for the current date.

And it is only a list of accounts - it is up to the OP to check whether there are any that are suitable.

ratechaser

xylophone said:

It may work for some but I'm not a fan of that page as it misses some key data points. Firstly the age limit of the account 

Plus it's not even that accurate right now - the virgin account is 1.75% and not 2.25%, and the account I'm probably going for (family BS, 2.25%, postal) isn't even listed.

The last update date is shown - this gives the clue that interest rates must be checked for the current date.

And it is only a list of accounts - it is up to the OP to check whether there are any that are suitable.

However, the better the list, the less checking it would then entail as the key data would be shown already...

Agree that the market is moving fast so the Virgin rate difference is understandable. But the Family BS account omission is less so, as it's not a new rate, been that way since Sep 2018 according to their website.

So as I said, not a list that's very useful for me. YMMV...

george4064

colsten said:

Also worth checking: https://forums.moneysavingexpert.com/discussion/6106986/regular-savings-accounts-the-best-currently-available-list/p1

Agreed, check here.