Halifax launches Kids Fixed Saver range
This Christmas, parents looking to build a nest egg for their children will have access to some competitive rates from Halifax with the launch of a new fixed savings range for children.
Kids Fixed Saver, with a range of terms and interest rates of up to 4.20%, is available for children between 0 and 15 years, and will give parents and family members the perfect chance to save for their children's future.
Whether it's a donation at Christmas, for a birthday, or the start of a long-term saving plan for their child, parents can choose competitive interest rates from periods between three months and five years, with a minimum investment of £500. The Kids Fixed Saver products are based on a range previously only available for adults, offering parents greater flexibility and greater choice to save for their children.
Rob Wood, Head of Halifax Savings says: "You don't need an excuse to start saving for your children, but Christmas and the start of a New Year is a great time to start. The Kids Fixed Savings range provides parents with not only a great alternative for those looking to give a different kind of Christmas present, but some really competitive choices for their children's savings. We think customers will really value these options and will get a very attractive return for that lump sum".