Clydesdale Bank ups child account rate - Savings - News - Moneyfacts


Clydesdale Bank ups child account rate

Clydesdale Bank ups child account rate

Category: Savings

Updated: 27/10/2010
First Published: 05/10/2010

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 It is now over 6 months old so the content may be out of date.

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.

Find the best savings rates for you - Compare savings accounts

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 Any products featured may be withdrawn by their provider or changed at any time.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

Average five-year fixed bond rate falls below 2%

Long-term fixed rate bonds used to be the top solution for savers looking to get a decent return on their savings, but unfortunately, times have changed, with our latest data revealing that the average five-year rate has fallen to a new record low.

Savings rates plummet to fresh lows yet again

It’s becoming a recurring theme, and unfortunately, it’s showing no signs of stopping. Savings rates have plummeted to fresh lows once again as the impact of the base rate cut continues – and this month, product availability has followed.

Less than half of savings accounts beat inflation

Official figures show that inflation jumped up during September, with CPI rising to 1%. Not only does this mean that consumers may begin to feel the impact on their wallets, but there are now far fewer savings accounts that will beat inflation.