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Dunfermline does it for the kids

Dunfermline does it for the kids

Category: Savings

Updated: 25/01/2011
First Published: 01/12/2009

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 It is now over 6 months old so the content may be out of date.

Dunfermline BS has given young savers a reason to be cheerful with the third issue of its Children's Savings Bond.

A fixed term account maturing 31 January 2014, it pays 5.00% yearly (21.55% on maturity) to make it a market leading fixed rate offering and one of the best children's bonds around.

Requiring a minimum investment of £100, the account must be opened by an adult aged 16 or over on behalf of a child who will be under 19 when the bond comes to mature.

Further additions are allowed while the issue remains open, but early access is forbidden, making it essential investors can afford to commit the funds for the full term in question.

This child savings bond is an excellent all round offering and earns four out five Moneyfacts stars as a reward.

Find the best savings rates for your child - Compare savings accounts

Read our Changes to Child Trust Funds Guide

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 Any products featured may be withdrawn by their provider or changed at any time.