Putting money into a savings account for children from a young age is one of the best investments parents can make.
Putting money into a savings account for children from a young age is one of the best investments parents can make.
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It encourages the habit of saving from a young age and can provide a valuable nest egg when youngsters reach adulthood.
Finding the best return on savings can take considerable research but one account has consistently topped the best-deal tables. The Bank of Scotland's children's regular saver account was popular because it offered 6% interest for the first year, a considerable incentive in these times of consistently low rates. In addition to the market-leading interest rate, the requirement for regular payments was seen as inculcating a savings habit.
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It pays to take a keen interest in savings accounts
Putting money into a savings account for children from a young age is one of the best investments parents can make.
It encourages the habit of saving from a young age and can provide a valuable nest egg when youngsters reach adulthood.
Finding the best return on savings can take considerable research but one account has consistently topped the best-deal tables. The Bank of Scotland's children's regular saver account was popular because it offered 6% interest for the first year, a considerable incentive in these times of consistently low rates. In addition to the market-leading interest rate, the requirement for regular payments was seen as inculcating a savings habit.
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We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis. If you're a relatively new user then your comments will be reviewed before publication and if we know you well then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules, which are available here.
Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.
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