A great CTF

Next week (15-20 January), the Government will launch a campaign to raise awareness of Child Trust Funds - which Britannia offers at a market leading rate of 6.50 percent.

Two years after the CTF was launched by the Government, the Society has seen more than 50,000 accounts opened.

Since their launch in January 2005, Britannia has increased rates from 4.75 percent (plus bonus) to 6.50 percent (including bonus) on the tax free CTF - with applications rising significantly since September when the rate was at 6.25 percent gross/tax free (including bonus).

Nick Pagon, Savings Product Manager at Britannia Building Society, welcomed the Government's awareness campaign.

He said: "The CTFs are great initiative by the Government and I urge parents or not to miss the opportunity to invest in their child's future."