Child Savings Accounts
Child Savings Accounts
Child savings accounts typically offer higher rates of interest than other types of savings accounts. There is also an age upper limit for all these accounts, which in some cases can be as high as 21.
A child savings account that is opened early or even before the child’s life begins can provide an important start to their life as an adult. Interest received is tax free up to a certain limit, and regular savings of any size are advantageous in building up a large sum over the time available.
There are a range of child savings accounts available, with other types of investment an option also. There is also the new Baby Bond scheme to take advantage of from the government, which provides a small lump sum that can be invested into a suitable savings account.
Alternatively click on Child Savings Accounts advertising links below: