Child Savings Accounts

Invest in your child's future...

A child savings account that is opened early or even before the child’s life begins can provide an important foundation for their financial future.

If you are thinking of putting some money away for your child, see below for leading child savings accounts deals:


ProviderServiceMinimum InvestmentMore Info
Children's Mutual Child Trust Fund
£10.00 pm
 
Awarded Best Child Trust Fund (CTF) provider for 2006, 2007 and 2008. Up to £30 of FREE Mothercare Vouchers when you apply online.
Engage Child Trust Fund
£5.00 pm
 
Engage is one of the UK's leading Child Trust Fund providers. Up to £25 in FREE Boots Vouchers if you set up a Direct Debit Online.
Jump Child trust Fund
£25.00 pm
 
Jump is a Child Trust Funds savings plan specially designed for children. It is based on Witan Investment Trust. Witan's objective is to create wealth for its investors through stockmarket investment.
Disclaimer
Advantages of child savings accounts include:

  • Interest rates are usually higher
  • Returns are tax free up to a certain limit
  • Regular deposits can build up a large sum by the time the child grows up

Child Trust Funds and the Baby Bond scheme are both Government initiatives to encourage saving, which provide a lump sum that can be invested into a suitable savings account and then topped up by parents, family and friends.


Or see below for other leading savings deals:


 AccountRateApply
ING Direct Instant Access Savings Account3.00% 
Hi Save 5 year Fixed Rate Bondup to 4.40% 
6 month, 1, 2, 3 and 4 year rates also available
Investec Guaranteed FTSE 100 Income PlanSee details 
5 Year Capital Protected Structured Income Bond with an annual yield of 6.00%,a quarterly yield of 1.47% or a monthly yield of 0.48%.
High 5 Account - min deposit £25K+3.13% 
Always pays the average of the five highest savings rates in the market
Skipton Building Society 2year Fixed Rate Bond3.89% 
Pays a return of 3.89% AER / 3.90% Gross. Fixed term until 28th July 2011

Special offers