ASDA offers customers Child Trust Fund incentives

ASDA has announced that it will offer parents-to-be an incentive if they pre-register for an ASDA Child Trust Fund, provided by The Children's Mutual.

The offer includes money off vouchers for 12 ASDA products, a free ‘Family Money Guide' and a copy of the ASDA Little Things Booklet.

To pre-register, customers can just log into the ASDA website, insert their name, address and the baby's due date, they will then receive the full application form and information pack shortly after the baby is born. Their free ASDA vouchers will then be sent with no further obligations.

If the parents go on to take out an ASDA Child Trust Fund they will receive a £5 ASDA gift card for opening the account or £25 if they open the account and set up a Direct Debit for more than £10 a month. This incentive is designed to encourage parents to start building up a healthy lump sum for their child at 18.

A recent estimate from The Children's Mutual found that parents investing a current average of £24 a month into an account for 18 years could provide their offspring with £9,750* at the age of 18.

* Assuming investment in a stakeholder CTF account achieving growth of 7% a year and charges of 1.5% of the account's value each year. Investment in stakeholder CTF accounts is linked to shares, so the value is not guaranteed and the child could receive less than has been paid in.

For more information, visit asdafinance.com