Childrens Savings Accounts
‘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.
Society sees in the New Year with awards celebrations
Yorkshire Building Society has been recognised for the fantastic products it offers for young savers by being awarded Best Youth Savings Account award at the Moneywise Children's Savings Awards 2011 for its Freedom account.
Bank of mum and dad make children’s savings a priority
As the Government ends contributions to children's savings via the Child Trust Fund scheme at the end of the 2010, new research from Halifax reveals that parents of school children continue to make saving for their future a priority.
Sales of financial Christmas gifts surge
Alliance Trust Savings, one of the country's leading SIPP providers, has seen a rise in the number of people choosing to give their children financial gifts for Christmas this year.
Coventry launches Family Saver account
Coventry Building Society has launched a market leading easy access online savings account specifically for families.
How to instill good financial habits in your teens
While many parents are working to educate their children, new research from M&S Money on over 3,000 under 18s suggests that some teens (14 - 18 years old) are not being given basic help on money matters by their parents.
Children choose caring careers over X-Factor stardom
Children (8 - 13 year olds) are more likely to want to ‘serve and protect' than see their name up in lights when it comes to future career aspirations, according to research from M&S Money.
Lloyds welcomes new Junior ISA
Lloyds Banking Group, UK savings and cash ISA provider, has welcomed the introduction of a new Junior ISA account.
New tax-free savings account for children
Financial Secretary to the Treasury, Mark Hoban, has announced that the Government will create a new tax free children's savings account. The new account, described as a ‘Junior ISA', will offer parents a simple and tax free way to save for their child's future.
Pocket money falls to seven year low
The amount of pocket money children receive has fallen over the past year, hitting a record seven year low, according to research from the Halifax.
Parents need to start saving for children's future early
The monthly cost of being a student has risen 28 per cent since 2004, according to analysis by Family Investments, a leading children's saving provider. Full time students now face total living costs of £718 up from £561 in 2004.
Northern Rock offers new children's account
Following the successful introduction of the Little Rock Instant Access Account in April 2010, Northern Rock has added a new member to its family of children’s savings accounts.
Children's savings need to be improved
George Ladds, Head of Investment and Pension Research at Fair Investment Company sees the demise of the child trust fund as a positive step, calls for a "fair and transparent tax efficient environment" for people to invest for children and urges the Government to consider a children's ISA.
'Sugar babies’ earning £426 million a year
The new series of BBC's looking for a ‘Junior Apprentice' hit our screens last week, and provides further inspiration to an already inspired age-group, according to research conducted by Santander Current Accounts.
Pocket money hotspots
Pocket money has not been a casualty of the credit crunch, and Glasgow takes top slot as the UK's pocket money hotspot.