saving account for children

ilovemarkb | 16:29 Sat 13th Jan 2007 | Business & Finance

3 Answers

My children would like to save their money in some kind of bank account. It wont have a great deal of money going in. Probably �50 to open the account then they.ll probably save up �5 to �10 per month. Does anywhere cater for this type of account that wont have mega bucks going in.Preferably thats easy for them to deposit or withdawl without lots of hassle.Maybes one that gives interest too! ???

c i s tax.

NatWest Bank query

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Agent_Smith

i think they all cater for this type of account.................. both of my children (3) (5) have bank accounts that money trickles in over the year??

ilovemarkb

Question Author

thanks agent smith. done a search on google, halifax do a good one called save4it.

banjobabe

I have an ISA for my daughter who is now 15, make sure that you do not pay tax on the amount, they will have a form for you to complete. I put �10 per month into the account, she can take money out whenever she likes. Both mine and my daughters ISA's are with The Britania. xx

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