Posts Tagged ‘kids’

Building Society accounts for kids

The baby is now 3 months old, and needs a savings account – so I’ve had a wander through the web pages of most of the Building Societies in the UK to find the best deal.

Notes:

  1. All interest rates listed below, by chance, are variable
  2. All interest rates shown are gross (you’ll need to complete the R85 form)
  3. Some accounts have limitations on the postcodes of accountholders
  4. I didn’t consider accounts which had long limitations on withdrawals (such as “no account closure until the child’s 16th birthday)
  5. No guarantees about the completeness or accuracy of this list!
  6. There’s a complete list of Building Societies at the Building Societies Association website

The short answer

Earl Shilton BS
Acct: “Foundation” (leaflet)
2.25%
Annual interest, 3 withdrawals per year
Minimum: £250. Maximum: £12k

The long answer

Read the rest of this entry »

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Filed under money : Comments (0) : Aug 2nd, 2009