Saving for your child's future
- Earn a great variable rate of 3.25% tax-free^ p.a./AER*
- Invest from £1 to £3,600 in the 2012/2013 tax year
- Anyone can pay money in - parents, grandparents, other family members and friends
- There is no access to the money until the child reaches 18
- Interest is paid annually
A great first account for under 18s to help get them into the habit of saving - anywhere between £1 and £25,000.
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A great account for under 16s to get them into the habit of saving, whilst supporting Coventry City football club.
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The perfect account for 11-17 year olds who have their own money and know what they want from it - whether that's saving or spending.
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*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.
^Interest is paid tax-free, that is gross with no tax deducted.
