Immy's Colouring Pages
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Savings for ChildrenSavings Guide - Children's AccountsMost banks and building societies offer customised savings accounts for children. Usually they pay higher rates of interest than traditional savings accounts but don't assume this. Savings accounts for children sometimes have a good introductory rate but can drop later.. As childrens savings accounts would suggest there are age restrictions for these savings accounts. Most of them have to be closed by age 18. Some children's savings accounts need notice to be given before cash can be withdrawn without losing interest. Some savings accounts aimed at children may also restrict the number of withdrawals over a certain time period. Make sure you know your childs needs before making a decsion.
============================================================= Giving money to your children and grandchildren Types of savings and investments to consider when you give money to your children or grandchildren - and how the income is taxed. Best savings rates - Children's accounts This is Money recommends children's accounts which are simple and have no strings attached. An overview of children's savings accounts and bonds.
UK Child Saving Accounts |
