If your ambition is to set your children up financially and to take an ethical approach to savings, it might be worth considering opening a Triodos Bank children's savings account. Open to young savers aged 0 to 18, funds can be transferred to another Triodos account or withdrawn when the child reaches 18.
Triodos Bank children's savings accounts enable customers to:
- Start saving with an initial investment of just £25
- Pay in funds by standing order or in lump sums
- Receive a bonus of 1 per cent at the end of five, eight and 10 years (conditions apply)
Triodos bank was founded in the Netherlands in 1980, while its UK office opened in 1995. The company offers a range of banking services but is committed to only lending money to organisations and businesses with positive social, environmental and cultural objectives. Opening a Triodos Bank children's savings account could help give you peace of mind, allowing you to store up funds for your child's future and do your bit for the planet.