Bid for kids with quids

Article Abstract:

There are a number of United Kingdom investment products geared to children and they do not all offer good value. They may offer free gifts that should not distract from interest rates that are often low for accounts with 100 pounds sterling. Cambridge Building Society offers 7.6% annual interest on the First account, while Alliance and Leicester and Lloyds Bank both only offer 1% on accounts with gimmicks. The Smart2Save account from Nationwide offers both free gifts and 5.5% annually for a 100 pounds deposit. Childrens Bonds are available from National Savings, and parents can invest in unit trusts for their children.

Prices and rates

Stocking stuffers to unwrap a child's early savings habit

Article Abstract:

There is a wide range of children's savings products available in the United Kingdom. Children's savings accounts tend to be similar to those of adults, although they may have names aimed to appeal to children. They also offer gimmicks which should generally be ignored, since they often come with savings products with low interest rates. The best rates tend to come from accounts with no free gifts. National Savings bonds are also available for children and offer tax-free interest for bonds held for five years.

United Kingdom, Services

Savings accounts - don't drop your guard

Article Abstract:

United Kingdom savers have benefited from interest rate rises, but they should monitor the rates they receive and compare them with rates from other savings accounts. Banks and building societies may offer a high initial rate which falls after enough customers have been attracted. Tables comparing interest rates can be found in a number of financial journals. Many accounts paying high rates are phone and postal accounts, so savers have to wait to receive funds by post.