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Child Saving accounts for Grandparents
Aspatria
Posts: 35 Forumite
Is there a child savings account that grandparents can open for a grandchild?
All those I have seen require that you have parental responsibility for the child.
I would like an account that I can open it the child’s name myself? Is that possible?
I would like an account that I can open it the child’s name myself? Is that possible?
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Comments
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Yes. That I know of, Lloyds*, Halifax and Barclays. To open the account with Lloyds I had to act as an 'introducer' so it required that I already held a current account with it. I don't remember that mattering with the other two but I had my own accounts with those, too.Aspatria said:Is there a child savings account that grandparents can open for a grandchild?All those I have seen require that you have parental responsibility for the child.
I would like an account that I can open it the child’s name myself? Is that possible?
*Lloyds' requirement,- are the parent or legal guardian of the child, or you have their permission to open the account
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Yes, many high street banks.Pretty sure Premium Bonds can be bought by a grandparent for a child too.: )0
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