Halifax launches new Kids Fixed Saver range
Friday, 23 December 2011 11:08
Parents wanting to save for their children's future may be interested in the new Kids Fixed Saver range from Halifax.
The financial services provider has announced the products this week and they are based on those previously only available for adults.
Customers can choose the duration of the accounts, which run for anything from three months to five years, as well as benefiting from competitive interest rates up to 4.2 per cent.
Minimum investments are £500 and the children must be aged between zero and 15 years old.
In good news for other family members, more than one account can also be opened for the same child, meaning they could have built up quite a little nest egg by the time they mature.
Halifax Savings representative Rob Wood said: "We think customers will really value these options and will get a very attractive return for that lump sum."
Last month, Halifax also announced the launch of a new Junior Stocks & Shares Isa designed to give children a financial head start in life.
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