Childrens Savings Account

3 replies
Found 9th May
Looking to set up a Children's Savings Account which can be withdrawn at any time (however if required can commit to 5 years without withdrawels). Putting in £20 a month.

The best I think I can find is the Shepherds Friendly with £84 Cashback

Anyone know of anything better?

3 Comments

Halifax Kids Reg Saver @ 4%

At the end of 5 year with £20 per month you will end up @ 1200 + 122 (interest)



Palwan

Halifax Kids Reg Saver @ 4%At the end of 5 year with £20 per month you … Halifax Kids Reg Saver @ 4%At the end of 5 year with £20 per month you will end up @ 1200 + 122 (interest)



Agree that it is a good kids monthly saver with the highest interest. However it is an annual account so you will get the 4% for the amount deposited in the first year only and at the end of the year it will be transferred to some linked saver account for which the interest will be very low.

123 Santander mini account(in trust) is pretty good if you can afford to put £2000 in, pays 3% (mine gets around £5 a month i think). You can transfer in/withdraw direct online through your own current account. I withdraw the interest each month as your don't earn interest on any amount over the £2000
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