May 17 2007
It is never too early to start saving for your own or your children's future financial security, one expert has made clear.
Roy Beale, from the Nationwide building society, has highlighted some of the child trust fund (CTF) products his organisation offers and suggests that there are a range of worthwhile options on the market for consumers that are keen to start saving.
"You can't start saving or investing too soon - our Smart account is extremely popular with young savers, parents and grandparents and our choice of CTF accounts add to the options they have," said Mr Beale.
However, the Nationwide spokesperson did warn that potential investors should take steps to understand the details a given savings account to avoid being misled by "high-headline, short-term" rates of interest.
"We could always encourage people to save or invest as much as they can and offer a range of savings and investment accounts to help them do so, whatever their needs or circumstances," he concluded.
CTFs were introduced by the government in 2002 and are aimed at giving young Britons a solid start to their financial lives when they turn 18 years old.
