Latest Savings Commentary

Income is king

Oliver Roylance-Smith / 15 May 2012

Investing for income is always a popular investment theme, never more so than in recent months with income solutions ruling the roost over the ISA season for both the cash ISAs and investment ISAs. ... Read more

7% potential annual income, capital protected

Oliver Roylance-Smith / 10 May 2012

"The latest Fair Investment Income Deposit Plan offers capital protection plus the potential to earn 7% for each year the FTSE 100 remains between 4,500 and 7,000 points (yesterday’s clos... Read more

The savings dilemma and the rise of alternatives

Oliver Roylance-Smith / 01 May 2012

The economic landscape continues to create a real dilemma for savings and put a spotlight on the fixed rate bond. With yields on these lowering amid continued pressures on getting the most out of yo... Read more

Skipton Building Society Children's Savings Accounts

Your children might think spending money is more fun than saving it, but teaching them to look after their money at a young age is likely to help them with financial planning in the future. Skipton Building Society children's savings accounts are available to anyone under the age of 26 and offer competitive interest rates providing you have the necessary opening deposit of £10.

Skipton Building Society children's savings accounts offer a range of benefits including:

  • A passbook to help monitor the savings account
  • Pay in funds from another Skipton account or with cash/by cheque
  • Save up to £6,000 up to the age of 18 and £10,000 from 18-25
  • Make penalty-free withdrawals
With Skipton Building Society children's savings accounts, interest rates are tiered, so the more money that is saved in the account, the more interest will be earned. Whether the money is for a specific purpose, for example driving lessons or a house deposit, or is simply something to fall back on later in life, saving is a great habit to get into.
Skipton Building Society Children's Savings Accounts
ProviderAccount NameRate
(AER)		Minimum AgeMaximum Age
Skipton Building SocietyLeap 1.80% 0 26
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Cash ISA Selection
ProviderAccountInterest Rate (AER)TermApply
17.25%3 YearsApply Now >
This structured capital protected deposit plan offers a maximum return of 17.25% at maturity. Also available for Cash ISA and Cash ISA transfer.
7.00%6 YearsApply Now >
A 6 year capital protected structured deposit plan designed to pay 7.00% annual income. Also available as a cash ISA and ISA transfer.
3.30%1 YearApply Now >
3.30% gross/AER fixed for 1 year. £1,000 minimum opening balance. Withdraw cash early if you need to (subject to loss of interest).

*Income payments and returns are dependent on the performance of the FTSE 100 index.

 Important Risk Information:

This website contains information only and does not constitute advice or a personal recommendation in any way whatsoever. The value of investments and income from them can fall as well as rise and you may not get back the full amount invested.

Investments in Stocks & Shares ISAs do not contain the same degree of capital security as investments in deposits. Stocks and shares ISAs are designed as medium to long term investments of, for example, five years or more. The tax efficiency of ISAs is based on current tax law and there is no guarantee that tax rules will stay the same in the future.

Different types of investment carry different levels of risk and may not be suitable for all investors. Please ensure that you read the Important Risk Information for further details. Prior to making any decision to invest, you should ensure that you are familiar with the risks associated with a particular investment and should read the product literature. If you are in any doubt as to the suitability of a particular investment, both in respect of its objectives and its risk profile, you should seek independent financial advice.

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