Belfast Telegraph

UK Website Of The Year

Home Business Money

A question of money: Children's accounts

Published 12/04/2010

Question: We want to invest some money for our grandson. Which account do you recommend?

Answer: With interest rates very lowat present, it is difficult tofind a children’s savings accountthat offers a good rate of interest.The best Northern Ireland providers, as listed by Moneyfacts, are the City of Derry Building Society, which pays 2% on sums over £10 in its Junior Saver Account. The next best is the Progressive Building Society, which pays 1% on balances over £1. But if you are prepared to commit to a regular £10 a month in savings and to lock the money away in a bond, a very good rate of 6% is available from Halifax, in its Children’s Regular Saver Account. Investments are limited to £1,200. Accounts can be opened by post, or in branch. The Principality Building Society pays 4.5% on investments up to £1,800, also

Belfast Telegraph

Your Comments

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting?

Read More

From Belfast Telegraph