Cheltenham & Gloucester has increased significantly the interest rate it pays on its children's savings account.
Paying 2.00%, Young Investor is now amongst the market leading children's accounts offered by high street providers.
The new rate is 1.95% higher than before, while the fact that there is no minimum or maximum investment amount and no restrictions on the number of withdrawals permitted is also a big plus.
Anyone opening the account now also receives free gifts of a money box and savings certificate.
Excellent news for parents looking for a home for their youngsters' savings, this account earns four out of five Moneyfacts stars.
Find the best savings rates for your child - Compare savings accounts
Download FREE Child Savings Plan brochures
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 Any products featured may be withdrawn by their provider or changed at any time.
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.