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It's completely potential to have one account to your child to put their pocket cash into, and another for any larger amounts. Saving money in a toddler's name means you typically save at a higher rate of interest. The Santander 123 Mini present account pays an honest 3% AER if you have £300 to £2,000 in it. It is a great way to show your kids about managing money as they'll operate the account themselves and get a debit card or cash card from age 11. A child of god a woman of faith hot shirt Youngsters underneath thirteen will want an adult to operate the account for them. The Saffron BS youngsters's common saver pays 4% AER mounted for a yr and you can save as much as £a hundred/mth. That you must open the account in your little one, and a Halifax youngsters' saver account ( see under ) shall be opened at the same time.
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