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Children's bank accounts


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when i was kid i used to save have a savings account with Yorkshire Bank with a small paying in book.

 

Does anyone know if there are banks/building societies that still provide such paying in books for kids accounts? I always thought having a book encouraged me to save so hoping that it may rub off on my son..

 

thanks in advance

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You would have hoped that in the spirit of teaching children the value of saving that the banks and building societies would give them a half decent rate of interest. What you actually get is about 0.25% unless it's a cash ISA that they can't draw on until they're 18 or a fixed rate bond which isn't really worth getting unless you're putting a large amount in. Might as well put it in the piggy bank.

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You would have hoped that in the spirit of teaching children the value of saving that the banks and building societies would give them a half decent rate of interest. What you actually get is about 0.25% unless it's a cash ISA that they can't draw on until they're 18 or a fixed rate bond which isn't really worth getting unless you're putting a large amount in. Might as well put it in the piggy bank.

 

http://www.santander.co.uk/uk/current-accounts/123-mini-accounts/123-mini-current-account

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when i was kid i used to save have a savings account with Yorkshire Bank with a small paying in book.

 

 

My 15 yr old daughter does it all online, with a bank card, she can still visit the bank and pay in with her card. Just move with the times.

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