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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