CHILDREN SAVINGS ACCOUNTS

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There are several different types of childrens savings accounts available so it is important to ask yourself what your priorities are for opening a Children's savings account. Do you want a high interest rate? Easy Access? Or do you wish to tie your child's money up for a fixed term? Children's savings accounts have age restrictions to their application policies, which usually means your child must be under the age of 16 to be eligible.

Childrens Savings Accounts Information    Investment Information

Other restrictions to bear in mind is if your child is under 7 years old, the account will need to be opened and administered by a parent or guardian on the child's behalf. See below a list of Childrens Savings Account providers for you to compare. Which Way To Pay gives you information on interest rates, age restrictions and withdrawal policies. Click 'Apply' to go through to the relevant Children's Savings Account provider and make an application online.

You MUST apply through this site to guarantee any rate, spread, fee or margin listed

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Compare Childrens Savings Bank Accounts Below.
PROVIDERACCOUNTTYPEINTEREST AERINTEREST GROSSPAIDACCESSMIN INCOMECONDITIONSWITHDRAWAL ACCESSMORE INFO

Ethical Child Savings Plan
Ethical Child Savings Plan

Ethical Child Savings PlanChildrens AccountDependent on investmentDependent on investmentMaturityOnline, Tel£0Minimum term must be 10 years.Only your child will have accessEthical Child Savings Plan
Build up a lump sum for your child's future - without having to pay Income or Capital Gains Tax by saving in a savings account. It could be a great help towards buying your child their first car or putting some money down on a flat. And because it's an ethical plan, we aim to avoid investing in companies that are believed to be harmful to the environment, people, animals or wildlife.
DETAIL INFORMATION >>		Features

Features

Free Banking: No
Debit Card: No
Cheque Guarantee Card: No
Standing Orders: No
Direct Debit: No
Overdraft Facility: No
Account Manager: No

Pay in from £15 to £25 per month and make the most of your child's £25 tax allowance by setting up this regular savings plan.


Services

Services

To ensure the tax-efficiency of the plan, you must continue your monthly contributions for your chosen term. If this isn't the case, any gains the plan makes may be subject to tax. Future legislation changes could affect the tax status of this savings plan.


Advantages

Advantages

1. Avoid paying tax on your child's savings
2. Ethical saving that helps to make the world a better place
3. Pay in £15 - £25 a month
4. Potential for annual bonuses.
5. Potential for a higher rate of return.
6. Choose when your child receives their cash lump sum
7. Automatic Member Benefits for your child.


Disadvantages

Disadvantages

1. The addition of bonuses is not guaranteed and will depend on the future investment performance and deductions from the ethical section of the With Profits Fund, and how we decide to distribute any profit. You may not get back what you have paid into the plan. 2. As with all investments, please remember that past performance is not a guide to future performance and there is a possibility that you may not get back what you have saved over the term of the plan.

News and ChartsCHILDRENS SAVINGS ACCOUNTS - LATEST NEWS

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