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    Bank account for my little one.

    Hey all,

    Looking at getting my little Daisy (10 months) a bank account now seeing as her piggy banks are getting fuller than mine.

    Are all the bank accounts for little ones the same or do someof them actually have perks?

    Thanks for any advice

    9 Comments

    some offer incentives-have you put her trust fund into an account? asda were giving vouchers if you opened with them.

    louloo;3271981

    some offer incentives-have you put her trust fund into an account? asda … some offer incentives-have you put her trust fund into an account? asda were giving vouchers if you opened with them.



    Don't go near the Asda one, say's in the small print, you might not get out as much as you paid in.

    Original Poster

    Her trust fund is sorted. This is just for a normal bank account.

    my sis went for barclays, dont know why but she did, dont know if she got any perks or if it was just co9s she has a barclays account

    My two boys have an account at Nationwide - Smart2Save, they offer fairly decent interest rates.

    Original Poster

    rockatin;3272260

    my sis went for barclays, dont know why but she did, dont know if she got … my sis went for barclays, dont know why but she did, dont know if she got any perks or if it was just co9s she has a barclays account



    lol, thats the situation im in.

    we found the trust fund **** because they automatically get the money when they are 18 - stuff that!

    we have a kids account opened for her but in our control so she pays no tax on her interest but we decide when and how much she can have at any time - I'm not trying to be a control freak or anything but I'd have blown the lot if I'd been given cash automatically at 18.

    We're with HSBC but all banks do them for kids.

    worto.

    remember the £100 interest rule on chidrens account or you may find they end up paying tax on their account at your taxation rate. See this:

    [url]www.hmrc.gov.uk/tdsi/children.htm[/url]

    Banned

    Try Halifax Childrens' regular Saver with 10% interest.
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