RSS Feed

Childrens Savings Accounts

Children can't go to work, but their money can

Alliance Trust Savings has shown that parents could set their children on the way to a debt-free university career and also cover the cost of other significant lifestyle events, by contributing the maximum amount to a Junior ISA every year until the child turns 18.

No cash left for the kids say one in three

More than one in three parents (36%) have no savings account set up for their child, according to new research from The Co-operative Bank.

Where does money come from?

According to the latest Halifax Pocket Money Survey, more than half of the UK's children (55%) understand that to get money, you need to earn it by working.

Lloyds TSB increases rate on Young Saver account

Young savers can now boast their savings and get into a savings habit with the Lloyds TSB Young Saver account that pays a three per cent AER variable interest rate for balances up to £20K and 0.50 per cent on balances thereafter.

Blackpool leads in average size of child savings accounts

Alliance Trust Savings has revealed that Blackpool has over six times the national average account value of their ‘First Steps' child savings accounts.

Children getting a raw deal from savings providers

Young savers are getting a raw deal from banks and building societies, with the average rate for a children's easy access savings account at just 1.01%, according to new research by Which? Money.

Northern Rock launches new instant access account

Northern Rock continues to help children save for their future with a new issue of its Little Rock Instant Access account.

Hertfordshire kids savviest savers

Children in Harpenden have the highest average savings balances in the UK, according to research conducted by Halifax.

The Newcastle launches new children’s savings account

A new children’s saver account has been launched by Newcastle Building Society, called the ‘Newcastle Big Little Saver’.

West Brom delivers market leading rates for regular savers

Building society the West Brom is promoting the merits of regular saving with the launch of two new fixed rate accounts.

Saving for our children is important - but what are the options?

With Child Trust Funds no longer available and a new children's savings plan - called Junior ISA - expected to be launched later this year, independent financial research company Defaqto outlines the options available for people that want to start saving for their children in the meantime.

Don't follow in our footsteps - 'be sensible with your money'

Research conducted amongst parents by Triodos, the ethical bank, shows that parents are keen to ensure values such as sound money sense and ethical behaviour are passed down to their children.

Ethical bank offers children chance to fund a better future

Ethical and sustainable bank, Triodos, has launched Right Start Saver, an easy access children's account paying 0.8%. This account reflects the growing appetite for children's savings products that offer a competitive rate of return and enable children to learn how money can be used to help make the world a better place.

Girls now earn more than boys

Girls have fallen under Hermione Granger's spell and just like Emma Watson are the highest young earners. For the first time in five years, girls now earn more from part-time working than boys, according to new research from Halifax Savings.

‘Silver savers’ put away £1k a year for grandchildren

‘Silver savers' put away just over £1k a year for their grandchildren; according to new research by C&G Savings. As a result, many grandchildren could be handed nest eggs of up to £20k by their grandparents at some stage during their life.