Child Savings Accounts

The money children receive for Christmas is an ideal opportunity for parents to get children into the saving habit from an early age. However, many parents do not know where to start when it comes to putting money away for their children's futures and educating them financially.

A 'paint your own' piggy bank to encourage saving will be given to children whose parents open a 6.50 percent Child Trust Fund in December and January.

Research commissioned by Nationwide Building Society reveals that MPs feel that more needs to be done to ensure that children have sufficient savings behind them when they enter adulthood.

With Christmas almost upon us and gifts of cash being a popular choice for kids, now’s the time for parents to look for the best children’s savings account.

Parents are being urged to take an interest if their children are given cash as Christmas presents. MoneyExpert.com analysis shows the average interest rate paid by kids’ accounts is an impressive 4.125 per cent – but there are plenty of poor deals out there.