Clydesdale Bank has increased the rate of interest paid on its child's account.
The five year Child Savings Bond now pays a rate of 4.25% (+0.25%), making it a market leader.
This increase is great news for parents looking to invest for their child's future.
As no earlier access or additions are permitted investors will need to be certain how much they can commit from the outset.
The product is also available from Yorkshire Bank.
Four out of five Moneyfacts stars have been awarded.
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