Savings child’s play at Cheltenham & Gloucester - Savings - News - Moneyfacts


Savings child’s play at Cheltenham & Gloucester

Savings child’s play at Cheltenham & Gloucester

Category: Savings

Updated: 01/02/2011
First Published: 11/01/2011

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 It is now over 6 months old so the content may be out of date.

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 Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

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.

Number of savings accounts falls to record low

As if the continued drop in savings rates wasn’t bad enough, our latest research reveals another blow to already hard-pressed savers, with the number of accounts available having fallen to a record low.