Welcome to the Children's Savings Accounts page, you should start saving for your children as soon as you can as the costs of living and education will always rise so having savings can be a real help to child when they grow up and want to go to university or have a deposit for a car or even a house.




There are lots of savings accounts for children generally fall into instant access or children's savings accounts where notice is required to access the savings. The children's savings accounts that require notice usually have a higher rate of interest so are usually the best option when saving for a child as you have to remember that the money will be in the savings account for many years so that higher interest will have a huge impact on the amount saved when the child needs the money. And as long as good planning is used when the child has to access the money the notice period should be no problem as they are rarely over one month so they would surely rather have the extra money.

There are also investments that can be made for children called bonds and these are great as they have an even higher rate of interest, this is because the money has to be invested over several years before it is accessed but again if you are buying a bond for a young child they are not going to be accessing the money for many years so bonds can be a very good investment option for children. Be sure to check the rules of the bond before you buy though as some are set for a certain number of years and others are set for when the child reaches a certain age.