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Which Children's Savings Account?
Looking after your money is all part of growing up. With their own savings account your children can save for the things they want – and get access to their cash when they need it*. In addition you may want to start savings on behalf of your children for school fees, their first car or other future expenses. Here at Santander we offer some simple options for both and they’re all easy to set up:
This is an account that changes as children grow. Parents can open on behalf of their children as soon as they are born and from 7 the account can be put into your child’s name only. From 11 there is an option to have a cash card and access to internet banking. They will get a great variable rate of 0.40% gross/AER (variable) and a free wall-chart so they can keep track of their savings. Apply for the Flexible Saver for Kids today.
Provided by Family Investments
The Government gives you a voucher worth at least £250 when you register for Tax Credit to invest for your child’s future when you register to receive Child Benefit. You can add further contributions up to a maximum of £1200 tax free each year. They can then withdraw when they reach 18.