Nationwide expands its kids' savings product range
Nationwide Building Society is boosting its portfolio of children's savings accounts with the launch of three new branch-based products.
From Monday October 24th, parents, grandparents and other people who want to build up a nest egg for their kids can open a 90-day Loyalty Smart Saver, a 90-day Smart Saver or a Smart Bond.
The Loyalty Smart Saver is a variable rate account available to existing customers that pays a return of 3.05 per cent, plus an introductory bonus of 0.95 per cent fixed until January 31st 2013.
Meanwhile, the Smart Saver is for people who do not currently bank with Nationwide and offers 2.10 per cent.
The 14-month Smart Bond is a fixed-rate product aimed at those who do not require access to their funds, paying an interest rate of between 3.10 per cent and 3.40 per cent depending on the balance.
Commenting on the move, Nationwide's head of savings Richard Marriott said: "As one of the leading savings providers in the country, it is important we harness the enthusiasm to save, which is why we've launched these new savings accounts.
"Our Smart range offers parents, grandparents and children a competitive savings range that gives them the choice and flexibility to choose the right product for their needs."
Use the Myfinances.co.uk comparison tools to find the best deal on a child savings account
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