RBS Children's Savings Accounts
RBS Children's Savings Accounts
So that you have control over your child's money, preventing it from getting blown on computer games without your say so, the RBS children's savings account, called the Rainbow Account, has a passbook which is required for withdrawals and is issued to a parent or guardian until you decide when the time is right to transfer the responsibility over to your child. The RBS children's savings account comes with a number of benefits and features, such as:
- Available for 0-21 year olds
- Open with a minimum deposit of £1
- Tax-free
- Deposit savings at any time
- Instant access
- Free money box
An RBS children's savings account can help your child to learn the advantages of saving from an early age.
|
| Provider | Account Name | Rate
(AER) | Minimum Age | Maximum Age |
| Royal Bank of Scotland | Cash Club |
4.42%
|
7
|
10
|
| Royal Bank of Scotland | Rainbow Savings |
4.35%
|
0
|
21
|
| Royal Bank of Scotland | Revolve |
3.15%
|
11
|
18
|
|
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