Halifax has seen an enthusiastic response from customers following the launch of its children's regular saver account.
The high street lender said in the two months since the product was launched more than 100,000 accounts had been opened with an average deposit of £70 per month.
"Parents have embraced the concept of saving for their children on a regular basis, and we are delighted with the positive response to children's regular saver," said Peter Jackson, head of banking and savings at Halifax.
"This account makes regular saving for a child's future an option for everyone by paying the best rate available, even on small monthly deposits."
The account pays ten per cent gross interest fixed for one year on monthly deposits of between £10 and £100. To read more about banking, click here.
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