Jun 23 2006
Parents and children will be looking forward to reaping the benefits of their Regular Saver accounts opened a year ago with one of the UK's largest savings providers.
Some 30,000 investors took advantage of the Halifax ten per cent fixed rate children's saver account within two weeks of it launching in June 2005.
One year on and thrifty investors, who have been saving on average £70 a month, will now receive their well earned interest – approximately £500 in savings plus interest
The account's only condition is that savers put away between £10 and £100 a month and after a year the capital and interest is swept into another 'best buy' children's account.
"Halifax broke new ground with Children's Regular Saver, paying the highest rate available on even small monthly deposits," said Peter Jackson, head of banking and savings at Halifax.
"We are delighted at the success of the account, and I am sure parents will be delighted with the returns it has generated for their children."
Halifax was named the Most Parent Friendly Bank by baby charity Tommy's for the third year running in 2006.
Scottish Friendly is another investment provider offering tax-free child bonds, a great way for parents to save for their children - for more information click on our free brochures page.
