Accounts for children
What you need to know
Buried treasure, pots of gold at the end of the rainbow… learning about the value of money and how to use it wisely are an important part of a child’s education. At the same time, saving for a child’s future is something you can’t start early enough. Good money sense is priceless at any age.
We have two accounts for children:
- Bonus account – this account teaches children the basics of looking after their own money.
- Future Fund – this one’s all about saving for the future.
Both the Bonus account and Future Fund pay good rates of interest, and our Bonus account also pays cash bonuses every year – this could add up to £84 over the life of the account, depending on when it was opened. An average balance of £50 must be maintained over the year to qualify. It provides educational gifts at key stages. On top of which interest can be paid without tax being deducted subject to HM Revenue and Customs regulations.
