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Halifax Kids Saver question?

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Thinking about opening the Halifax 10% kids regular saving account.

What I want to know is can I pay into the account say £50 a month, then after 12 months the money moves into the save4it account could I then withdraw the money out of the save4it account and pay it into my sons Child Trust Fund which is going to be with another provider (perhaps Nationwide or Britannia).

Comments

  • Rikki
    Rikki Posts: 21,625 Forumite
    Basically Yes.
    £2 Coins Savings Club 2012 is £4 :).............................NCFC member No: 00005.........

    ......................................................................TCNC member No: 00008
    NPFM 21
  • windym_2
    windym_2 Posts: 5,261 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    If you can afford it you should take full quota of the 10% interest and put in the maxiumu £100 a month. At the end of the 12 months just withdraw the lot.
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