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Savings child’s play at Cheltenham & Gloucester

Savings child’s play at Cheltenham & Gloucester

Category: Savings

Updated: 12/06/2017
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 It is now over 6 months old so the content may be out of date.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.

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 Any products featured may be withdrawn by their provider or changed at any time.