Child Savings

There are a number of options for parents wanting to save money for their children. There are savings accounts, ISAs, friendly societies, and investment funds.

Things worth considering:

• Are you saving for the short or long term? A longer term investment normally earns more money, but may not be the best option for everyone.

• What kind of access will have to your money? How long would you have to wait to take any money out you might need?

• What about charges on the account?

• What kind of return will you get from the money you have invested? Will it come from interest on a bank account, or on profits made on a share investment?

The Government recently introduced a new long-term savings and investment account for children. This is called the Child Trust Fund (CTF). T It is a long term savings/investment account that your child can access once they get to age 18.

Why not visit our Child Trust Fund Page to find out more information?

Find Some Help

To find other ways to save for your money for your children, and find companies to help you set up your child trust fund, why not use the links below?: