Best savings account deals for kids by Finance News Bulletin

Published: 27/02/07

A series of best savings account deals intended for parents saving for their brood have been launchedYorkshire Bank and Clydesdale store, both part of the National Australia store, last week launched the Child savings Bond, offering one of the most excellent investments account rates of five per cent before tax, fixed for five yearsThe best saving account contract available from the Yorkshire Bank also has a smallest amount deposit of £50, far lower than most A £100 lump figure invested would become £127

63 over five years while £500 would become £63814Standard existence Bank's children's most excellent saving account pays 49 per cent over five years, but requires a smallest amount deposit of £1,000

Parents looking to make regular expenditure into their children's best savings account should choose the Halifax children's regular money investor, which pays ten per cent, almost double the next best investments account, for a period of one yearParents must make a smallest amount put of £10 a month, up to an overall maximum of £100 a month or £1,200 a year Saving £100 a month would produce £1,265 after a yearMoneyExpert incomplete is authorised and keeping pace by the Financial Services Authority (FSA Registration No

301654) The Financial Services power does not regulate some forms of mortgage contract, credit cards, personal loans, current financial records

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