New Principality account is child’s play - Business - News - Moneyfacts

News

New Principality account is child’s play

New Principality account is child’s play

Category: Business

Updated: 12/08/2009
First Published: 03/08/2009

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Principality BS has launched a new savings account aimed at helping children 16 and under save their money.

The Dylan's Children's Regular Saver is a one year fixed term fixed rate regular savings account that pays a rate of 5.00% on maturity on a minimum monthly investment of £10 (maximum £150).

Early closure is permitted and monthly payments can be amended during the term. Additional payments can be made as long as the monthly maximum limit is not breached.

A payment must be made for 12 consecutive months, or it will revert to a Children's account.

This account is a welcome addition to what is a relatively small market and should encourage children to set amount a small amount each month – a definite plus in uncertain times.

The Children's Regular Saver has been awarded four out of five Moneyfacts stars.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Business owners – do you have a cash buffer?

Building up a cash buffer can be a vital part of business management, particularly in uncertain times. It’s therefore little surprise to find that SMEs built up significant cash reserves in the lead up to the referendum.

Business owners – are you missing out on returns?

Running a successful company demands strong organisational skills, business acumen and a keen eye for finances, which is why it’s so surprising that many business owners could be missing out on returns because they don’t know their interest rate.

2016 Business Moneyfacts Awards winners announced

The winners of the 2016 Business Moneyfacts Awards were announced last night at the prestigious Lancaster London Hotel.
 
Close