Kid's Regular Saver 6%@Halifax
450°Expired

Kid's Regular Saver 6%@Halifax

48
Found 10th Dec 2013
For children aged 0-15 years
The person opening the account must be over 18
No withdrawals
Only 1 account per child
Interest paid on maturity after 12 months
Interest rates are fixed upon opening the account - check in branch for the current rate

48 Comments

Got one already. Great.

sounds great will get this sorted asap

Seems ok

Been about for a while now. Great interest rate - you just have to move the money after 12 months.

Been around for years! My kids have had one for 4 years. You have to renew every 12 months

Offer 6‰ to kids but only 2‰ for adults with same type of account. So save as much as you can now kiddies cos you won't get as good rates when your bigger.

Or just go buy some sweets instead!

think this is an branch only offer.

Shame there are no Halifax branches in Scotland.

Can you open this with, say £1000 and then save regularly, so you get 6% interest on £1000plus?

Anybody know if i could put a lump sum in, say £3000, when i open the account and then pay say £10 a month in?

there is halifax in Scotland they opened one in Glasgow a fe weeks ago! max lump sum is £100 for first month would be better off looking a the junior isa if you are looking long term and dont need to withdraw as also 6% if the parent has an isa with the halifax.

Pretty sure you can open with a maximum of £100 then can only put £100 per month in

bloody kids get all the deals

Save all the money you saved on HUKD in your kid's account. Like you had wads of cash to save in the first place ... Seriously, great if your kids have some pennies to put away so heat added I guess.

vladimpala

Shame there are no Halifax branches in Scotland.



Dont know where you got that idea i know a few in scotland

Silver Flamedeer! Heat added just for that :-)

noneekins

Can you open this with, say £1000 and then save regularly, so you get 6% … Can you open this with, say £1000 and then save regularly, so you get 6% interest on £1000plus?



No, you only can pay regular monthly amount so actually works out at 3% over term, if you have lump sum put it into normal childs account it pays 3% therefore will come out with same interest amount over the term.

Is there a minimum monthly amount?

25 /m minimum.

leesahere

No, you only can pay regular monthly amount so actually works out at 3% … No, you only can pay regular monthly amount so actually works out at 3% over term, if you have lump sum put it into normal childs account it pays 3% therefore will come out with same interest amount over the term.


Well similar - £38 ish if you put £100 per month for 10 months (compound interest) v £30 for £1000 lump sum (if interest annual)

Oh fantastic thanks so much for this. Going look into it for my son and for my baby that is due in January. Thank you

great stuff will get it set up for my baby girl, heat added thanks

We went for a Nationwide account because it could be in his sole name, and on his 11th birthday he got a hole-in-the-wall card that he is unbelievably proud of.

So tonight we r definitely try for kids.......:p: ......
Edited by: "planet2sky" 11th Dec 2013

planet2sky

So tonight we r definitely try for kids.......:p: ......



anyone ?

I enquired about this to Halifax direct and was told there was no branches in Scotland but I could possibly set it up via mail. I was told BOS branches could operate the account though.

I'm 22 do I qualify? I am a "child" of .. God

Heat added!

6%?

Crafty parents take advantage!

scottyjim

Dont know where you got that idea i know a few in scotland



Where are they, please?

Max deposit of £100 allowed per month via standing order...

This one + halifax young saver account 3% (as it is for kid u dont pay tax on it) + First Direct 6% regular saver - my top picks

Beetlemama

We went for a Nationwide account because it could be in his sole name, … We went for a Nationwide account because it could be in his sole name, and on his 11th birthday he got a hole-in-the-wall card that he is unbelievably proud of.

.....and rightly so. Teaches children life skills as opposed to always shopping for the best deal! Plus Nationwide's ethics outweigh Halifax's.

We did this for our kids, put £50 a month away and then moved it to a regular kids account at the end, then put whatever birthday and christmas money they received in there as well. Interest rates won;t always be in the toilet.

My wife had about £600 put away when she was a kid and forgotten about in the post office, books found when we were married, interest updated and she'd got about £3k. So well worth doing when they;re little and then later want a car

lennox123

I enquired about this to Halifax direct and was told there was no … I enquired about this to Halifax direct and was told there was no branches in Scotland but I could possibly set it up via mail. I was told BOS branches could operate the account though.



I went into a BOS last year to open one up for my son. After waiting for ages they told me I couldn't open one via a BOS, only via a Halifax of which there are none in Scotland.

Has anyone had a result in scotland and managed to open one?

knack

Where are they, please?



There aren't any halifax branches currently in Scotland however Halifax customers can do most of their transactions in Bank of Scotland branches. In the near future 3 Halifax branches are opening, one in Edingburgh, Glasgow & Aberdeen.

eldaniel

This one + halifax young saver account 3% (as it is for kid u dont pay … This one + halifax young saver account 3% (as it is for kid u dont pay tax on it) + First Direct 6% regular saver - my top picks



If money you have given to your kids, then yes you are supposed to declare it and pay tax.

Edited to add 'If the annual interest is over £100'.
Edited by: "Abadi" 11th Dec 2013

When I opened this account for my eldest daughter - so 5 1/2 years ago - it was paying 10%. Has been paying 6% for a while I think?

Beetlemama

We went for a Nationwide account because it could be in his sole name, … We went for a Nationwide account because it could be in his sole name, and on his 11th birthday he got a hole-in-the-wall card that he is unbelievably proud of.



WHAT!!.......By the time he's 11 and 2 days old it'll be all spent on an Xbox12 ........... oO

shreyasmorjaria

I'm 22 do I qualify? I am a "child" of .. God



Blessings upon you.....but no Dosh......tough......;)
Post a comment
Avatar
@
    Text