Saffron increases rate on children’s accounts | Product News - Moneyfacts

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Saffron increases rate on children’s accounts

Saffron increases rate on children’s accounts

Category: Savings
Date: 20/06/2014

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 It is now over 6 months old so the content may be out of date.

Saffron BS has increased the rate on its children's accounts by up to 0.55%.

The basics…

The Ladybird Issue 5 now pays 2.05% from £1 and 2.25% if you have £25,000 up to a maximum of £50,000 to invest.

The finer details…

The account must be opened and operated in branch or by post by an adult for under 7s. The Ladybird account is available for children up to the age of 11 and it rolls over into a Smart Saver account, paying the same rates of interest, on the child's 12th birthday.

Further additions and withdrawals are permitted and there is an incentive of a Ladybird moneybox gift when opening the account.

Why we like it…

Paying competitive rates of interest, this children's account is a Moneyfacts best buy.

Four Moneyfacts Stars have been awarded.

What next?

Find the best savings rates.

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
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