Ipswich Building Society Children's savings account encompass two options for you to choose from to prepare for your child's future. The Ipswich Building society children's savings accounts available include the following:
- Young Savers - For ages 0-18, open with just £1 and get a higher interest rate once the balance exceeds £500. Ideal for saving pocket money and offers immediate access.
- Children's Bond - For ages 0-18, minimum opening balance of £250 and a maximum investment of £1,200 a year until the child is 18. No withdrawals can be made before the child turns 18. Interest paid annually on child’s birthday.
The other Ipswich Building Society childrens savings account available is a Child Trust Fund into which you pay the £250 Inland Revenue voucher and then up to £1,200 each year until child reaches 18 years of age.