This deal was posted 2 yrs ago when interest rate offered was 10% Gone down now but still better than keeping ur money at 0.1%.
Save between £10 and £100 every month on behalf of a child and get 6.00% AER - fixed for 12 months
Save regularly - from £10 - £100 a month
No withdrawals - or missed payments during the 12 months
Unlimited deposits - each month when it suits you (but no more than £100 a month)
Manage your savings - simply transfer your savings into the account by standing order. You can view your account online 24/7.
Fixed interest - guaranteed for the 12 month term
Interest paid - calculated daily and paid on anniversary of the the account opening, to your nominated Halifax account
One account per person - you can only open 1 account for one child. However, other people can also open an account for the child too e.g. relatives, friends. Accounts can only be held by 1 or 2 trustees jointly on trust for a child. Only 1 account per trustee per child
Maturity - after 12 months your savings and interest are simply transferred into a nominated savings account ( you'll be asked to open the nominated savings account at the same time as opening the Children's Regular Saver). You can continue to save in the Children's Regular Saver, at the rate of interest applicable at that time
Nominated savings account - must be held in the same name(s) as the Halifax Children's Regular Saver account, eg Alan Smith in trustee for Timmy Smith.
Eligibility - UK resident personal customers aged up to 16 years (but accounts can continue following the child's 16th birthday).
Standing order - regular payments must be made by standing order from your current account or an account with another bank or building society. Payments cannot be made from Halifax savings accounts.