Saving with Halifax is child’s play - Savings - News - Moneyfacts

News News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Saving with Halifax is child’s play

Saving with Halifax is child’s play

Category: Savings

Updated: 27/10/2010
First Published: 16/11/2009

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 It is now over 6 months old so the content may be out of date.

Halifax has given young investors happy to use the internet a welcome boost.

Its Web Saver Extra account now pays 2.80% to leave it amongst the best no notice internet accounts around.

Available to those aged 11 and above, it should prove popular with young savers as well.

However, with only one penalty free withdrawal allowed per year (further withdrawals incur 30 days' loss of interest), careful budgeting will be required.

The competitive rate and child friendliness sees the product earn four out five Moneyfacts stars.

Compare the best childrens savings accounts online

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 Any products featured may be withdrawn by their provider or changed at any time.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

Just 44 savings accounts beat inflation

Inflation recorded another large jump during December, and predictably, this has had a devastating impact on the number of savings accounts that beat it, so much so that you’ll need to lock your money away if you want an inflation-beating return.

Just 47% have money in a savings account

We’re often told of the importance of saving, yet unfortunately, the message doesn’t always get through. Indeed, research shows that just 47% of those surveyed have money in a savings account, and 17% have no savings or investment whatsoever.

How much will you save this year?

Many of us have set savings goals for the year ahead, and planning to budget better and save more will be at the top of many financial resolution lists. But how much are you hoping to squirrel away? Encouragingly, many people have impressive targets.