Jun 13 2006
It seems mothers may need to take more time over the finances and organise their savings better with the news that two thirds of mums with kids under three spend more on their children's clothing that their own.
New research from MINT has discovered that new mothers spend around £406 a year on their toddlers' wardrobe with 35 per cent admitting dressing their youngsters in designer clobber.
However, with such a gulf between the amount mothers are spending on themselves compared to their children, a well organised saving plan may help for both the child's needs and future as well as leaving a little bit for the parents also.
Yorkshire has raised the interest rate on one of its savings account and the product is available to all new and existing customers – with only a minimum deposit of £100 requires the new two-year bond pays 5.10 per cent.
Chris Edwards, Yorkshire savings spokesman, said: "Our previous two-year fixed rate bond proved very popular at five per cent, but as funding rates have started to rise we have been able to pass this increase onto our savers providing an even better deal.
"The bond offers savers the certainty that their interest rate is protected for two years with a guaranteed return, and with a minimum deposit of just £100 it ensures it is available to all levels of saver."
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