Nationwide Child Trust Fund

The Nationwide Child Trust Fund takes advantage of the government child trust fund scheme to provide your child with a tax-free savings account from day one. Starting with £250 from the government, the account will grow over time until the child’s 18th birthday, when they can do as they wish with the contents. The Nationwide Child Trust Fund offers two types of account, depending on the level of risk you want to take:

The Equity Stakeholder Child Trust Fund is a long-term stock market-based investment. This account involves greater risk but offers greater potential reward.
The Cash Child Trust Fund is a long-term cash savings account. is a long-term cash savings account. You wont be taking any risks, and you can expect a variable rate of interest alongside an annual bonus rate if you contribute £240 or more each year.

Providers differ when it comes to Child Trust Funds in what interest rates they offer and other features, so shop around to make sure you get the best deal for your child’s future and see if the Nationwide Child Trust Fund is right for you.